The Personal Consumption Expenditures Index
A. also includes producer prices (like the cost of iron ore).
B. only includes food and energy.
C. strips out the cost of food and energy.
D. includes all goods and services people buy (not just what "average" people buy).
Answer: D
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If real wages fall:
A) consumer demand is likely to increase. B) employers are likely to hire more workers. C) the level of economic production will always increase. D) the level of economic production will always decrease.
If one job applicant truthfully reveals that they subscribe to an industry publication, the job applicant is
A) using the trade publication as a screening tool. B) using the trade publication as a signaling tool. C) using the trade publication as a form of statistical discrimination. D) using the trade publication for the wrong reasons.