The bias in the CPI typically
A) overstates inflation.
B) understates inflation.
C) about half the time overstates and about half the time understates the inflation rate.
D) cannot be measured or estimated.
A
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Taylor has the following assets and liabilities:Two cars$15,000House$400,000Mortgage$300,000Cash$1,000Car loans$5,000Checking account balance$3,000Credit card balance$3,000What is Taylor's wealth?
A. $111,000 B. $105,000 C. $107,000 D. $419,000
Examples of thrift institutions include
A) savings deposits and checking deposits. B) commercial banks, savings and loan associations, and insurance companies. C) savings and loan associations, savings banks, and credit unions. D) money market mutual funds, commercial banks, and credit unions.
Persons who have given up looking for work are classified as
a. unemployed. b. discouraged workers. c. in the labor force. d. temporarily unemployed.
Which of the following is an example of using the scientific method with a natural experiment?
a. measuring how long it takes a marble to fall from a ten story building b. comparing plant growth with and without a soil additive c. tracking the price of oil when a war in the Middle East interrupts the flow of crude oil d. observing the reaction when two chemicals are mixed together