The index most widely used by the government and the private ...

[P68T]

The index most widely used by the government and the private sector to measure changes in the cost of living is the
 
  A) Consumer Price Index. B) Producer Price Index.
  C) the chain-weighted price index. D) the GDP deflator.

Question 2

Refer to the figure above. If there is no wage rigidity in the labor market, how much unemployment is created after the labor demand curve shifts to LD2?
 
  A) 30 units B) 0 units C) 20 units D) 10 units

[tuate]

Answer to Question 1

A

Answer to Question 2

B