Which of the following measures gives the earliest warning of increasing inflation?
A) the Consumer Price Index
B) the Producer Price Index
C) the Personal Consumption Expenditure Index
D) All of these should signal the same short-run inflation.
B
You might also like to view...
The above figure shows the domestic supply of and domestic demand for an imported good. The world price is $15 per unit
a. At the world price of $15 per unit, what is the domestic consumption and domestic production? b. At the world price of $15 per unit, what is the quantity imported? c. If the government imposes a tariff of $5 per unit, what is the domestic consumption and domestic production? d. With the $5 per unit tariff, what is the quantity imported? e. How much revenue does the government collect with a tariff of $5 per unit?
Total utility describes
A) the benefit gained from all consumption. B) an increase in consumption multiplied by the gain in utility. C) total consumption multiplied by marginal utility. D) total consumption divided by marginal utility.
Which of the following leads a good to have a high elasticity of supply? I. The good must be produced using unique resources. II. The good is produced using commonly available resources
A) I only B) II only C) I and II D) neither I nor II
When the price of a gallon of orange juice rises from $1.50 to $2.00, the number of gallons of apple juice demanded rises from 20,000 to 30,000 per year
Use the midpoint formula to calculate the cross-price elasticity between orange juice and apple juice. What does the sign imply about the relationship between these two goods?