The most widely used measure of inflation is based on which of the following price indices?
A) the consumer price index B) the GDP deflator
C) the producer price index D) the wholesale price index
A
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Married couples with only one working spouse paying Social Security taxes will ______
a. receive less in benefits than a single individual with the same lifetime payments b. receive the same in benefits as a single individual with the same lifetime payments c. receive more in benefits than a single individual with the same lifetime payments d. receive more in cash benefits but less in health care benefits than a single individual with the same lifetime payments
Sue just quit her job as a librarian to pursue her lifelong dream of getting a job as a teacher. Sue would be considered:
A. frictionally unemployed. B. structurally unemployed. C. seasonally unemployed. D. Sue is not in the labor force.
Given a one-year Canadian bond with a yield of 8 percent, what will be the U.S. investor's rate of return at maturity if the Canadian dollar appreciates 10 percent against the U.S. dollar?
a. 2 percent b. 8 percent c. 10 percent d. 18 percent e. 25 percent
A firm that is a price taker can
a. substantially change the market price of its product by changing its level of production. b. sell all of its output at the market price. c. sell some of its output at a price higher than the market price. d. decide what price to charge for its product.