Which of the following is often watched closely as a clue to potential changes in consumer prices in the future?
A. The COLAs.
B. The GDP deflator.
C. The CPI.
D. The PPI.
Answer: D
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If new firms enter a cartel market, the probability that the cartel will survive ________ if the cartel ________.
A) increases; includes or excludes the new firms from the agreement B) increases; excludes the new firms from the agreement, but not if the cartel includes the new firms C) decreases; excludes the new firms from the agreement, but not if the cartel includes the new firms D) decreases; includes or excludes the new firms from the agreement
Which of the following is an example of positive statement?
A. The state government should allocate more funds toward education. B. Teachers should be paid higher salaries. C. Individuals with a bachelor's degree earn higher average incomes than those with only a high school diploma. D. The consumption of marijuana is unacceptable and should never be legally allowed in a society.
If expansionary fiscal policy also causes higher interest rates,
a. aggregate demand increases because firms and households are discouraged from borrowing and spending. b. aggregate demand decreases because firms and households are discouraged from borrowing and spending. c. aggregate demand increases because firms and households are encouraged to borrow and spend. d. aggregate demand decreases because firms and households are encouraged to borrow and spend.
If the economy was operating at point O (where the two axes come together), we would have an unemployment rate of ______ percent.
A. 5
B. 50
C. 95
D. 100