The most broadly based price index is the:
a. GDP chain price index.
b. real GDP price index.
c. producer price index.
d. consumer price index.
a
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What is the relationship between fiscal multipliers and the "zero lower bound"?
A) Fiscal multipliers cannot fall below zero. B) When monetary policy has hit the zero lower bound, fiscal multipliers are likely to be larger than normal. C) At the zero lower bound, a fiscal contraction is actually expansionary. D) At the zero lower bound, fiscal policy works by shifting the aggregate supply curve, rather than shifting the aggregate demand curve.
The difference in land prices between Washington, D.C., and Tulsa, Oklahoma, is an example of a permanent resource price differential
a. True b. False
The free-rider dilemma is associated with:
A.) Private goods. B.) Public goods. C.) Externalities. D.) Market power.
A depreciation of the U.S. dollar relative to the euro would tend to
A. increase U.S. exports to Germany. B. increase both U.S. imports from Germany and U.S. exports to Germany. C. decrease U.S. exports to Germany. D. increase U.S. imports from Germany.