The consumer price index:
a. tracks the value of output over time.
b. is not tied to cost-of-living adjustments.
c. doubles every five years in the economy.
d. is a weighted average of consumer prices.
e. is a broader price index measure than the implicit GDP deflator.
d
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President Franklin Delano Roosevelt declared a bank holiday, closing all U.S. banks in ________
A) July 1776 B) October 1929 C) March 1933 D) September 2001
The person least likely to receive a payment from a corporation in a year of losses is the
A) bank that loaned money to the corporation. B) bondholder. C) preferred stockholder. D) common stockholder.
If people expect prices to fall in the future, today
a. the consumption curve shifts downward b. the consumption curve shifts upward c. the investment curve shifts downward d. there will be an upward movement along their consumption curves e. there will be a downward movement along their consumption curves
Consumer surplus is the difference between what you would have _________________ and what you _____.
Fill in the blank(s) with the appropriate word(s).