What tool would you employ to analyze the relationship between gasoline prices and consumer? behavior?
A.Refining models.
B.Fashion models.
C.Economic models.
D.Accounting models.
C.Economic models.
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Suppose manufacturers introduce a new model car to replace a car currently included in the CPI basket. The price of the new car is 10 percent higher than the discontinued model, but the new car has additional safety features and amenities. In this situation the CPI will tend to ________ inflation as a result of ________ bias.
A. accurately measure; substitution B. overstate; quality adjustment C. overstate; substitution D. understate; quality adjustment
The budget line can shift or rotate
A) only when income changes. B) only when prices change. C) when either income or prices change. D) None of the above, because changes in income and prices do not shift or rotate the budget line.
Which of the following are NOT assets on the Fed's balance sheet?
A) discount loans B) U.S. Treasury deposits C) cash items in the process of collection D) U.S. Treasury bills
Which of the following statement(s) is true?
(a) All state legislatures acted to create corporations. (b) The federal government created the federal incorporated entities when it established the First (1791–1811) and Second (1816–1836) Banks of the United States. (c) All federal, state and local governments possessed the right to create corporations. (d) All of the above are true.