A Special-Purpose Aggregate Price Index That Reflects the Level of Stock

question 62

Multiple Choice

A special-purpose aggregate price index that reflects the level of stock prices in the U.S. market is the ________.

• A)American Stock Exchange Index
• B)Consumer Confidence Index
• C)Customer Satisfaction Index
• D)Dow Jones Industrial Average (DJIA)

---

Definitions:

Short Run

A period in economics where the quantities of some inputs or resources cannot be changed.

Unemployment

A situation where individuals who are capable of working and willing to work at prevailing wage rates cannot find employment.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.

Friedman

Refers to Milton Friedman, a prominent economist known for his work on monetarism, advocating for free markets and a limited role of government in the economy.