Most economists believe that biases cause changes in the CPI to overstate the inflation rate by ________ percentage points
A) 0.1 to 0.2
B) 0.2 to 2.0
C) 0.4
D) 0.5 to 1.0
E) 1.0 to 3.0
Answer: D
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Refer to Table 19-29. Based on the table above, what is national income for this economy?
A) $4,700 billion B) $4,000 billion C) $3,150 billion D) $2,450 billion
A study found that privately-operated juvenile correction facilities in Florida had __________ costs but experienced __________ rates of recidivism than state-operated juvenile corrections facilities
a. lower, higher b. lower, lower c. higher, equivalent d. higher, lower e. lower, equivalent
Which of the following is a current account transaction?
a. the purchase of a foreign engineering firm by a domestic investor b. the import of shoes by a domestic retailer c. a loan by a domestic bank to a foreigner d. a loan by a foreign bank to a domestic manufacturer
For a firm in a competitive market, an increase in the quantity produced by the firm will result in
a. a decrease in the product's market price. b. an increase in the product's market price. c. no change in the product's market price. d. either an increase or no change in the product's market price depending on the number of firms in the market.