The core personal consumption expenditures price index excludes
A) food and energy prices.
B) food and housing prices.
C) energy and housing prices.
D) housing and health care prices.
Answer: A
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In 2008, Australia had a government budget surplus of $21.7 billion. This budget surplus shifts the demand for loanable funds curve ________
A) leftward and lowers the real interest rate. B) leftward and creates a crowding-out effect. C) rightward and creates a crowding-out effect. D) rightward and creates a Ricardo-Barro effect.
Refer to the following graph. At which of the following prices will the firm be losing money but should remain in operation?
a. $1.80
b. $1.60
c. $1.20
d. $0.40
In high inflation countries, inflation rates can exceed the rate of growth of money because:
A. money loses value quickly with inflation. B. high inflation increases the velocity of money. C. high rates of inflation increase the opportunity cost of holding money. D. all of the answers given are correct.
If a profit maximizing monopolist sells output for $100, then we know that its marginal revenue is
A. more than $100 if it is a perfect price discriminator. B. less than $100 if it is a perfect price discriminator. C. equal to $100 in all cases. D. less than $100 if it is a single price monopolist.