When the consumer price index is computed, the base year is always the first year among the years being considered
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Real investment tends to be
A) procyclical and less variable than real GDP. B) procyclical and more variable than real GDP. C) countercyclical and less variable than real GDP. D) countercyclical and more variable than real GDP.
About how much is the present value of $1 that will be paid to you in 3 years if the interest rate were 5%?
A. $1.14 B. $1.05 C. $1.00 D. $.86
If Congress passed new laws significantly increasing the regulation of business, this action would tend to:
A. Increase per-unit production costs and shift the aggregate supply curve to the left B. Increase per-unit production costs and shift the aggregate supply curve to the right C. Increase per-unit production costs and shift the aggregate demand curve to the left D. Decrease per-unit production costs and shift the aggregate supply curve to the left
In general, the steeper the consumption schedule the:
A. Smaller is the marginal propensity to consume B. Greater is the marginal propensity to save C. Smaller is the multiplier D. Larger is the multiplier