The broadest measure to adjust Nominal GDP for price changes is ________.
A. exchange rates
B. the Consumer Price Index (CPI)
C. the Producer Price Index (PPI)
D. the GDP price index
Answer: D
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The goal of expansionary fiscal policy is to increase
A. aggregate supply. B. real GDP. C. unemployment. D. the price level.
A monopoly incurs a marginal cost of $1 for each unit produced. If the price elasticity of demand equals -2.0, the monopoly maximizes profit by charging a price of
A) $1.00. B) $1.50. C) $2.00. D) $3.00.
The twelve district banks of the Federal Reserve System were created to decentralize power and to respond to the public's fears of the monopoly power of a single central bank such as the Bank of England or the Bank of Japan
a. True b. False Indicate whether the statement is true or false
If the marginal propensity to consume in a country is 0.5, then the value of the tax multiplier is: a. ?1
b. ?0.5. c. ?2. d. ?1.5.