A good that is most likely to be in the producer price index is:
A. gasoline.
B. apples.
C. books.
D. None of these would be in the PPI.
A. gasoline.
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In a simultaneous move game, ________
A) each player has to make his choice after knowing his rival's choice B) each player has to make his choice without knowing his rival's choice C) there is always more than one Nash equilibrium D) there is always more than one dominant strategy equilibrium
While a television news reporter might state that "Today the Fed raised the federal funds rate from 1 percent to 1.25 percent," a more precise account of the Fed's action would be as follows:
a. "Today the Fed told its bond traders to conduct open-market operations in such a way that the equilibrium federal funds rate would increase to 1.25 percent.". b. "Today the Fed raised the discount rate by a quarter of a percentage point, and this action will force the federal funds rate to rise by the same amount.". c. "Today the Fed took steps to increase the money supply by an amount that is sufficient to increase the federal funds rate to 1.25 percent.". d. "Today the Fed took a step toward expanding aggregate demand, and this was done by raising the federal funds rate to 1.25 percent.".
How is consumer sovereignty at work at McDonald? Give an example of a hit and a miss
Please provide the best answer for the statement.
In the above table, if the marginal revenue product is $22, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?
A. 3; $14 B. 4; $22 C. 4; $16 D. 5; $18