When the quality of a good deteriorates while its price remains the same, the purchasing power of the dollar

a. increases, so the CPI overstates the change in the cost of living if the quality change is not accounted for.
b. increases, so the CPI understates the change in the cost of living if the quality change is not accounted for.
c. decreases, so the CPI overstates the change in the cost of living if the quality change is not accounted for.
d. decreases, so the CPI understates the change in the cost of living if the quality change is not accounted for.


d

Economics

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a. German mark b. Japanese yen c. Chinese yuan d. Swiss franc

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a. work and leisure. b. politics and religion. c. supply and demand. d. taxes and government spending.

Economics

Which of the following approaches should the Fed use if it experiences large lags and mistakes in monetary policy?

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Economics