One of the most widely reported measure of inflation is the consumer price index
Indicate whether the statement is true or false
true
You might also like to view...
If the marginal private benefit of attending college for Shelly is $40,000 and the marginal external benefit is $15,000, she will attend college if the cost of attendance is no more than
A) $55,000. B) $45,000. C) $40,000. D) $25,000. E) $15,000.
With lags in monetary policy, an effective expansionary policy must be initiated many months ________ the start of the economic downturn it is intended to moderate, and this requires ________ economic forecasts
A) before, generating accurate B) before, ignoring C) after, generating accurate D) after, ignoring
If the inflation rate is zero, then
a. both the nominal interest rate and the real interest rate can fall below zero. b. the nominal interest rate can fall below zero, but the real interest rate cannot fall below zero. c. the real interest rate can fall below zero, but the nominal interest rate cannot fall below zero. d. neither the nominal interest rate nor the real interest rate can fall below zero.
(The following national income data are in billions of dollars.)
Refer to the above data. This nation's GDP is:
A.
$315 billion
B.
$324 billion
C.
$305 billion
D.
$367 billion