The current reference base period for the CPI is
What will be an ideal response?
1982-84
You might also like to view...
Suppose the production of cotton causes substantial environmental damage because the pesticides used by cotton farmers often make their way into nearby rivers and streams, and are very harmful to fish and other wildlife. If cotton farmers do not have to pay for the environmental damage caused by the pesticides used to grow cotton, then the market equilibrium price will be ________ and the market equilibrium quantity will be ________.
A. inefficiently low; inefficiently high B. inefficiently low; inefficiently low C. inefficiently high; inefficiently low D. inefficiently high; inefficiently high
When government spending is added to the basic macroeconomic model, the multiplier for G would
a. be higher than the multiplier for autonomous spending. b. be lower than the multiplier for autonomous spending. c. be equal to the multiplier for autonomous spending. d. have no relationship to the autonomous spending multiplier.
The distinguishing characteristics of business cycles are
a. periods of inflation followed by periods of deflation. b. high rates of economic growth coupled with high rates of unemployment. c. a constant rate of economic growth coupled with ups and downs in the general level of prices. d. periods of growth in real output followed by periods of decline.
A reflationary (expansionist) fiscal policy could include:
a) Lower interest rates b) Increased lending by the banks c) An increase in corporation tax d) An increase in discretionary government spending