The aggregate price level is:
A. a measure of the average price level for GDP.
B. measured by the CPI.
C. measured by the GDP price deflator.
D. All of these statements are true.
D. All of these statements are true.
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Which of the following is most likely to be an example of causation?
A) A student wins money by scratching a ticket with a particular coin. He decides to scratch all tickets with the same coin in the future. B) A soccer player scores 4 goals when he wears red socks. He concludes that the red socks helped him score the goals. C) A firm producing CFLs installs new machinery. The per-day production of CFLs increases. D) The crime rate is high in a country. The literacy rate is high as well.
How many and what fraction of the world's people live in advanced economies? In emerging market and developing economies?
What will be an ideal response?
A main reason for the low unemployment rate from 1995 through most of the 2000s was because of
A) higher oil prices. B) the government's policy of tightening immigration policies. C) the rapid development of the Internet industry and other new technologies. D) government's more liberal social benefit programs. E) increased defense expenditures by the government.
What are some of the ways that real-world airlines price discriminate?
What will be an ideal response?