The consumer price index is computed by
A. the Bureau of Labor Statistics.
B. Health and Human Services.
C. the Bureau of Price Indexes.
D. the White House Office of Management and Budget.
Answer: A
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Discounting is a procedure used to
a. determine the present value of income or costs expected in the future. b. adjust future income for the effects of inflation. c. adjust the money interest rates for the effects of inflation. d. compare the value of income after taxes with its value prior to taxes.
A. undertake the R&D expenditure if its interest-rate cost of borrowing is 12 percent. B. undertake the R&D expenditure if its interest-rate cost of borrowing is 10 percent. C. not undertake the R&D expenditure if its interest-rate cost of
borrowing is 9 percent. D. not undertake the R&D expenditure if its interest-rate cost of borrowing is 7 percent. A. not undertake the R&D expenditure if its interest-rate cost of borrowing is 8 percent. B. undertake the R&D expenditure if its interest-rate cost of borrowing is 12 percent. C. undertake the R&D expenditure if its interest-rate cost of borrowing is 20 percent. D. undertake the R&D expenditure if its interest-rate cost of borrowing is 9 percent.
A perfectly elastic demand curve implies that, ceteris paribus,
A. a firm can sell more by lowering its price. B. the price a firm charges is irrelevant, as it will sell the same amount regardless of the price charged. C. a firm can raise its price and not lose all its customers. D. if a firm raises its price above the market price, quantity demanded will equal zero.
The deadweight loss from a rent ceiling below the equilibrium rent is smallest when the supply of housing is
A) perfectly elastic. B) elastic but not perfectly elastic. C) unit elastic. D) inelastic but not perfectly inelastic. E) perfectly inelastic.