What is the name given to the weighted average of the nominal prices of the goods and services consumed in the economy?

A) nominal price
B) monetary value
C) price level
D) consumption bundle


Answer: C

Business

You might also like to view...

A flash mob is a type of ________

A) lobbying B) guerilla marketing C) sponsorship D) crisis management E) ambient advertising

Business

Explain lead-user customers

What will be an ideal response?

Business

Corporate culture: Is a property of the organization, which may facilitate or impede top management’s efforts to implement strategy

Answer the following statement(s) true (T) or false (F)

Business

A statute of ________ bars actions arising more than a specified number of years after the cause of action arises, while a statute of ________ bars actions arising more than a specified number of years after the product was purchased

A) repose; limitations B) limitations; repose C) frauds; repose D) frauds; limitations

Business