What name is given to the index based on the prices of exported or imported merchandise? U.S. Producer Trade Index International Trade Index International Price Index U.S. Producer Price Index

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question 16
What name is given to the index based on the prices of exported or imported merchandise?
OU.S. Producer Trade Index
International Trade Index
International Price Index
U.S. Producer Price Index
Question 17
In 1985 inflation in Israel reached a record 500%. How did this period of high inflation affect
market adjustments towards equilibrium price and quantity?
O Markets could not adjust to equilibrium.
Markets adjusted to equilibrium faster than before.
Markets adjusted to equilibrium more erratically and slowly.
Transcribed Image Text:Question 16 What name is given to the index based on the prices of exported or imported merchandise? OU.S. Producer Trade Index International Trade Index International Price Index U.S. Producer Price Index Question 17 In 1985 inflation in Israel reached a record 500%. How did this period of high inflation affect market adjustments towards equilibrium price and quantity? O Markets could not adjust to equilibrium. Markets adjusted to equilibrium faster than before. Markets adjusted to equilibrium more erratically and slowly.
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