The ____________________ is based on the prices of merchandise
that are exported or imported. Select one: a. International Product Index b. Producer Price Index c. Foreign Price Index d. International Price Index Which of the following is NOT an example of one of the major
categories in the overall CPI? Select one: a. apparel and accessories b. exports c. recreation d. transportation and insurance The graph above refers to a significant increase in oil prices.
Which of the following is likely to result? Select one: a. long run economic gains b. short run economic gains c. natural rate of unemployment remains constant d. a rise in inflation from 2.0% to 3.0% The maximum quantity that an economy can produce, given its
existing levels of labor, physical capital, technology, and
institutions, is called: Select one: a. real GDP. b. potential GDP. c. aggregate supply. d. aggregate demand.
1. The correct answer is: d) International price index
Reason: This directly follows from the definition cyclical f
International price index which measures the prices of the exported
goods in terms of the imported goods of an economy.
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