The current base period for the CPI is
a. 1967.
b. 1977.
c. 1982–1984.
d. 1990.
c. 1982–1984.
You might also like to view...
"Developing countries should delay opening the capital account until the domestic financial system is strong enough to withstand the sometimes violent ebb and flow of world capital." Discuss
What will be an ideal response?
In the value-added approach, GDP is the sum of revenue received by all firms in the economy
a. True b. False
In the Keynesian-cross model, if the MPC equals 0.75, then a $1 billion decrease in taxes increases planned expenditures by ______ and increases the equilibrium level of income by ______.
Fill in the blank(s) with the appropriate word(s).
The crowding-out effect is
A. the tendency of contractionary fiscal policy to cause an increase in planned investment but a decrease in planned consumption in the private sector. B. the tendency of expansionary fiscal policy to cause a decrease in planned investment or planned consumption in the private sector. C. the tendency of expansionary fiscal policy to cause an increase in planned investment but not in planned consumption in the private sector. D. the tendency of contractionary fiscal policy to cause an increase in planned investment or planned consumption in the private sector.