To calculate the CPI, the Bureau of Labor Statistics uses
a. the prices of all goods and services produced domestically.
b. the prices of all final goods and services.
c. the prices of all consumer goods.
d. the prices of some consumer goods.
d
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The four components of aggregate expenditure are
A. consumption, investment, government transfers, and net interest. B. spending on durable goods, inventory investment, government debt, and net exports. C. spending on domestic goods, domestic services, foreign goods, and foreign services. D. consumption, investment, government purchases, and net exports.
The multiplier increases as the MPC increases
Indicate whether the statement is true or false
Referring to Table 12.2, if the nominal interest rate is 9.5 percent and there is no inflation, which investments will be undertaken?
A) E and D B) E C) C, D, E D) none of the above
The Chinese Exclusion Act of 1882 was the first restriction on immigration, in the U.S
a. True b. False Indicate whether the statement is true or false