Solved

Which One of the Following Is a Correct Description of an Economic

Question 15

Multiple Choice

Which one of the following is a correct description of an economic measure?


A) The consumer price index is a monthly indicator of changes in the price of goods at various stages of production.
B) The monthly estimate of total sales by the Commerce Department is known as the consumer price index.
C) The unemployment rate shows the number of payroll jobs that exist in the economy.
D) The amount of funds in circulation, in checking, savings and money market accounts and in CDs is referred to as the money supply.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions