The phrase "owners' equivalent rent of primary residence" means the cost of housing services for one year.
Answer the following statement true (T) or false (F)
True
See "How it Works: Measuring the Price of Housing."
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Refer to Figure 4-1. If the market price is $2.50, what is the consumer surplus on the second ice cream cone?
A) $0.50 B) $1.50 C) $3.00 D) $10.50
According to rational expectations theory, which of the following is the best approach to lower the inflation rate?
a. Preannounced stable government policies. b. Unpredictable government policies. c. First predictable and then unpredictable government policies. d. None of these.
Exhibit 2-13 Production possibilities curve
In Exhibit 2-13, in terms of efficiency:
A. point A is preferred to point B. B. point A is preferred to point E. C. point A is preferred to point D. D. point B is preferred to point A.
Generally speaking, the government implements fiscal policy in a:
A. fast but inaccurate manner. B. slow but accurate manner. C. slow and inaccurate manner. D. fast and accurate manner.