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Macro 9 Flashcards | StudBud
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Macro 9
Macro 9
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Questions
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Answers
1
True or False: Government tax brackets are an example of indexing
True
False
2
If the nominal interest rate is 8% and inflation is 5%, then what is the real interest rate?
2%
3%
4%
5%
3
The core inflation index subtracts __________ from CPI
imported and exported merchandise
wage inflation
variable costs
volatile economic variables
4
Deflation is when
The purchasing power of a dollar decreases
The inflation rate is negative
The inflation rate decreases from year to year
The inflation rate is greater than the nominal interest rate
5
True or False: Inflation makes it harder for consumers to analyze how supply and demand factors impact price
True
False
6
The Producer Price Index (PPI) measures
The price level of supplies/inputs
The wage inflation in the labor market
The price level of imported and exported merchandise
All the components of GDP
7
The inflation rate in the U.S is typically between
3-5%
5-6%
1-2%
2-4%
