The Fed's preferred measure of inflation is
A) the GDP deflator
B) the consumer price index
C) the core personal consumption expenditures index
D) the index of leading economic indicators
E) the producer price index
C
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_________is a measure of the way in which a quantity supplied leads to a change in price.
Fill in the blank(s) with the appropriate word(s).
All of the following conditions, except one, must exist in order for a firm to successfully practice price discrimination. Which is the exception?
a. The firm must be a price taker. b. The firm must be able to identify which customers are willing to pay more. c. The firm must be able to prevent the resale of its output by low-price customers to high-price customers. d. The firm must be able to charge higher prices to some customers without losing their business. e. The firm must be a price setter.