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Author Question: The broadest measure of the aggregate price level is the a. GDP deflator. b. consumer price ... (Read 244 times)

TVarnum

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on: Jun 30, 2018
The broadest measure of the aggregate price level is the
 
  a. GDP deflator.
  b. consumer price index.
  c. producer price index.
  d. gross domestic product.

Question 2

A.W. Phillips' study of unemployment and inflation in the United Kingdom specifically looked at the empirical relationship between the unemployment rate and the
 
  A) rate of change in prices.
  B) rate of change in nominal wages.
  C) rate of change in real wages.
  D) level of nominal wages.


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thall411

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


TVarnum

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Reply #2 on: Jun 30, 2018
Thank you :)


thall411

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Reply #3 on: Jun 30, 2018
Happy to help you


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