The consumer price index (CPI) includes only a market basket of goods and services purchased by the typical urban consumer
a. True
b. False
Indicate whether the statement is true or false
True
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If the probability of the bad outcome is 0.5, the benefit level of actuarily fair insurance will be half the premium.
Answer the following statement true (T) or false (F)
The money demand curve indicates the total quantity of money demanded in the economy at each
a. price level b. level of GDP c. quantity of money supplied d. level of income e. interest rate
If hot dogs are an inferior good, a decrease in income will cause the equilibrium price of hot dogs to rise
Indicate whether the statement is true or false
When traders perceive a permanent money supply adjustment, short-term nominal interest rates ___affected, the expected exchange rate ___ affected, and the spot exchange rate ___ affected.
a. are· is· is b. are; is; is not c. are not; is not; is not d. are; is not; is