Author Question: The PPI is the A) production performance indicator. B) producer price index. C) price parity ... (Read 79 times)

HCHenry · **on:** Jun 29, 2018

The PPI is the

A) production performance indicator. B) producer price index.
C) price parity index. D) prime producer index.

Question 2

Workers and firms both expect that prices will be 3 higher next year than they are this year. As a result

A) aggregate demand will increase by 3.
B) workers will be willing to take lower wages next year.
C) the purchasing power of wages will rise if wages increase by 3.
D) the short-run aggregate supply curve will shift to the left as wages increase.