An increase in stock prices can be considered as an increase in:
a. a leading indicator.
b. a coincident indicator.
c. the consumer price index.
d. the consumer leverage ratio.
e. a lagging indicator.
a
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
If the total revenue received by sellers of DVDs increases by 20 percent when price increases by 10 percent, then demand for DVDs is
A) perfectly elastic. B) unitary elastic. C) inelastic. D) elastic.
If output per capita grows by a constant 6% per year, then the standard of living would grow by about ________ over 3 years
A) 12% B) 17% C) 18% D) 19% E) 20%
In a private closed economy, there will be an unplanned increase in inventories when:
A. Aggregate expenditures exceed GDP B. Aggregate expenditures exceed (C + I g ) C. (C + I g ) exceeds aggregate expenditures D. GDP exceeds aggregate expenditures