An outward shift of an economy's production possibilities curve is not caused by:
A. an increase in capital.
B. an increase in labor.
C. an advance in technology.
D. a decrease in unemployment.
Answer: D
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The consumer price index measures: a. the cost of all goods and services produced in the U.S. economy
b. the average change over time in the selling prices received by domestic producers for their output. c. the cost of a fixed market basket of consumer goods and services produced in the U.S. economy. d. the ratio of an economy's nominal GDP to its real GDP. e. the income distribution of an economy.
Which of the following assets is most liquid?
a. Funds in a checking account. b. A car. c. A home. d. A municipal bond.
For providing their resources to firms, workers, loanable funds' suppliers, landowners, and entrepreneurs, receive (in the same order)
a. wages, rent, profit, and interest b. wages, interest, rent, and profit c. wages, profit, rent, and interest d. wages, interest, profit, and rent e. profit, rent, interest, and wages
Harry spent $39,000 in 2009 and $42,000 in 2014 on goods and services. The consumer price index was 220 for 2009 and 231 for 2014 . Harry's 2009 spending in 2014 dollars is about
a. $43,290. b. $37,143. c. $40,950. d. $40,857.