The price index that measures the average rate of change in the prices received by domestic producers of goods and services is called the:
A. GDP deflator.
B. PCE deflator.
C. CPI.
D. PPI.
Answer: D
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Refer to Above Figure, an increase in population would be represented by a movement from
a. S1 to S2 b. D1 to D2 c. B to A d. B to C.
An increase in the currency drain ratio
A) decreases the monetary base. B) increases the quantity of money. C) increases bank reserves. D) does not change the amount of the monetary base. E) does not change the quantity of money.
Historically barriers to development in the U.S., such as the dry deserts of some of the country's western states, have been solved by
(a) only government action. (b) only private action. (c) a blend of government and private actions. (d) foreign expertise.
To price discriminate, firms must face markets with different elasticities
Indicate whether the statement is true or false