The Consumer Price Index (CPI) relies on the calculation of
A) prices of a variable basket of goods that changes frequently.
B) prices of a fixed basket of goods that does not change often.
C) the components of GDP that change annually.
D) the components of GDP that do not change frequently.
B
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An increase in productivity will ________.
A. increase aggregate supply and aggregate demand B. increase aggregate supply C. decrease aggregate supply and aggregate demand D. increase aggregate demand
When the real interest rate rises, there is
A) neither a shift of the consumption function nor a movement along the consumption function. B) a downward shift of the consumption function. C) a downward movement along the consumption function. D) an upward shift of the consumption function. E) an upward movement along the consumption function.
Changes in exchange rates are due to
A) real events only. B) nominal events only. C) both real and nominal events. D) None of the above.
Economists consider the breakfast food industry to be an oligopolistic market
a. True b. False Indicate whether the statement is true or false