What basket of goods in used to construct the CPI?
What will be an ideal response?
The goods and services that are typically bought by consumers as determined by government surveys.
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A decrease in the expected future price of a good will cause the current demand for the good to
a. decrease, which is a shift to the left of the demand curve. b. decrease, which is a shift to the right of the demand curve. c. increase, which is a shift to the left of the demand curve. d. increase, which is a shift to the right of the demand curve.
Refer to the figure below. An increase in supply is represented by a shift from: 
A. curve C to curve B. B. curve A to curve B. C. curve B to curve A. D. curve C to curve D.
Government purchases and income taxes have the same effect on the multiplier.
Answer the following statement true (T) or false (F)
Congress and the president carry out fiscal policy through changes in
A) interest rates and the money supply. B) taxes and the interest rate. C) government purchases and the money supply. D) government purchases and taxes.