Since there are smaller fluctuations in the equilibrium prices of final goods than in the prices of intermediate goods, the producer price index is more volatile than the consumer price index

Minimum wage laws:

A) can cause the quantity demanded to exceed the quantity supplied of labor. B) are used to solve the problem of wage rigidity. C) can give rise to wage rigidity. D) help in equating the quantity of labor demanded and supplied.

All else held constant, an increase in foreign imports of cameras would cause the supply of cameras in the United States to:

A) increase. B) stay the same. C) decrease. D) cannot be determined with the information given.