The Consumer Price Index basket contains
What will be an ideal response?
the goods and services present in the budget of an average urban household.
You might also like to view...
Investment spending, in economic terms, includes spending toward physical capital, machinery, new factories, and new housing.
Answer the following statement true (T) or false (F)
Jorge is debating whether to concentrate on playing professional football or professional baseball. He is offered $6 million a year to play baseball and $8 million a year to play football. If he chooses to play football
A) the economic rent in his salary is $8 million. B) the economic rent in his salary is $6 million. C) the economic rent in his salary is $2 million. D) the economic rent in his salary is $14 million.
A drop in velocity means that at any nominal GDP there is a desire to hold a ________ proportion of assets in money form, thus ________ shift in the LM curve
A) larger, a downward B) larger, an upward C) smaller, a downward D) smaller, an upward
Spending on education is likely to raise output per person by ________
A) increasing the productiveness of R&D B) by increasing the population C) increasing the fraction of the population engaged in productive activities D) increasing the saving rate