Which of the following functions are performed by changes in relative prices but not by changes in average prices?
A) Computing real income from nominal income.
B) Indicating an overheating economy.
C) Signaling changes in the desired mix of output.
D) Measuring the rates of inflation.
Correct Answer:
Verified
Q15: Q16: Which of the following explains why redistribution Q17: Q18: When the price of a good decreases Q19: Which of the following results from unexpected Q21: Real income is Q22: If the price of your cell phone Q23: Inflation _ the purchasing power of money. Q24: Which of the following is a microeconomic Q25: Income in constant dollars is
A)Nominal income adjusted for inflation.
B)The
A)increases
B)decreases
C)does
A)Nominal income.
B)Real income.
C)Bracket
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