If the price of Italian shoes imported into the United States increases, then
a. both the GDP deflator and the consumer price index will increase.
b. neither the GDP deflator nor the consumer price index will increase.
c. the GDP deflator will increase, but the consumer price index will not increase.
d. the consumer price index will increase, but the GDP deflator will not increase.
d
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A decrease in aggregate demand will
A) cause the short-run Phillips curve to shift to the right. B) decrease unemployment. C) move the economy to a lower point on the short-run Phillips curve. D) cause inflation.
A market with a few large sellers is called
A) perfectly competitive. B) monopolistically competitive. C) a monopoly. D) an oligopoly.
Each district bank of the Fed comprises of nine board of directors of which three are appointed by the:
a. Federal Reserve System member banks. b. President. c. Attorney General. d. Board of Governors of the Fed. e. Congress.
Which of the four countries has an opt-out and chose not the adopt euro yet:
a. Germany b. Denmark c. France d. Austria