Recent changes in methods used to compute the CPI have made the
a. upward bias in the CPI inflation rate more severe than it used to be.
b. upward bias in the CPI inflation rate less severe than it used to be.
c. downward bias in the CPI inflation rate more severe than it used to be.
d. downward bias in the CPI inflation rate less severe than it used to be.
b
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The tax multiplier is negative because increases in taxes lead to decreases in consumer spending
Indicate whether the statement is true or false
Provide an example of each allocation method that illustrates when it works badly
What will be an ideal response?
For corporate taxes, the lowest tax bracket is
A. 9 percent. B. 12 percent. C. 15 percent. D. 22 percent.
If a consumer is maximizing his/her utility for a given income, the:
a. marginal utility for every good purchased would be the same. b. marginal utility per dollar spent for all goods would be the same. c. marginal utility per dollar for all goods would be at a maximum. d. total expenditure on each good would be the same. e. number of units of each good consumed would be the same.