A good that is most likely to be in the producer price index is:
A. spaghetti.
B. industrial machinery.
C. SUV.
D. All of these are in the PPI.
Answer: B
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The production possibilities frontier shows the ________ combinations of two products that can be produced in a particular time period with available resources
A) equitable B) maximum attainable C) only D) minimum attainable
Other things constant, a decrease in nominal GDP will generally
a. increase the demand for money. b. decrease the demand for money. c. increase the nominal interest rate. d. decrease the money supply.
A person who voluntarily quits their job in New York and expects to get a similar job in Los Angeles is an example of
National income accountants define investment to include:
a) any increase in business inventories. b) the addition of cash to a savings account. c) the purchase of common or preferred stock. d) the purchase of any durable good, for example, an automobile or a refrigerator.