All else constant, an increase in the price of labor would cause the total amount of output that can be produced with a fixed amount of spending to ________. This would result in a movement to a ________ isoquant

The consumer price index tires to measure how much consumer incomes must rise in order to maintain a constant

a. level of real GDP. b. ratio of consumption to GDP. c. ratio of net exports to GDP. d. standard of living.

The interest rate paid on government securities that mature in less than a year is the

A. discount rate. B. Treasury bill rate. C. federal funds rate. D. prime rate.