The Consumer Price Index is
A. A measure of changes in the average price of consumer goods and services.
B. A measure of changes in the average price of all goods and services.
C. The impact felt by consumers who move into a higher tax bracket because of inflation.
D. Used to measure the impact of business speculation on consumers.
Answer: A
You might also like to view...
Explain the difference between frictional and structural unemployment
What will be an ideal response?
Hostess Brands is selling off its assets after liquidation. A potential buyer for the Twinkies brand has found that the total revenue will be $3 billion a year if the brand is managed well and $1 billion a year if the brand is managed poorly
There is .6 (or 60 percent) chance of managing the brand well and a .4 (or 40 percent) chance of managing the brand poorly. What is the expected total revenue? A) $0.4 billion B) $1.2 billion C) $1.8 billion D) $2.2 billion
In a market economy, income is primarily determined by
a. the productivity of household resources b. the level of transfer payments c. government monetary and fiscal policy d. the geographic distribution of resources e. the amount of financial assets owned by households
When spending by the federal government exceeds net taxes, _____
a. the price level tends to fall b. the money supply must fall c. the aggregate demand curve shifts rightward d. aggregate supply moves rightward e. there is a federal budget surplus