The GDP deflator measures how prices change over time
Indicate whether the statement is true or false
TRUE
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What happens when consumers in the economy start to spend less, perhaps because they become worried about the future?
A. Savings rises, causing increases in investment that boost GDP. B. The demand for dollars falls, causing the exchange rate to fall and exports to rise. C. Prices fall, causing consumers to start spending again. D. The incomes of other people fall, causing those people to spend less as well.
A firm that can effectively price discriminate will charge a higher price to
A) buyers who belong to the largest market segment. B) buyers who are members of the smallest market segment. C) customers who have the more elastic demand for the product. D) customers who have the more inelastic demand for the product.