The Fed's preferred measure of inflation is
A) the GDP deflator
B) the consumer price index
C) the core personal consumption expenditures index
D) the index of leading economic indicators
E) the producer price index
C
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Invisible hand is a term used by the economist ______ to describe how the decisions of households and firms lead to desirable market outcomes
Fill in the blank(s) with correct word
By raising aggregate demand more than anticipated, policymakers
a. reduce unemployment for awhile. b. raise unemployment for awhile. c. reduce unemployment permanently. d. None of the above is correct.
An increase in the government budget deficit is most likely to result in an increase in which of the following?
A) The marginal propensity to consume B) Exports C) The real interest rate D) The money supply E) The simple multiplier
The measure of final goods and services produced in the United States is the
A. Per capita GDP in the United States. B. Total sales of all goods during the year. C. GDP of the United States. D. Percentage change in the GDP of the United States.