A fixed-weight price index uses a process that adjusts the weights continuously year by year
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Which of the following is a benefit of economic growth?
A) reduction in illiteracy B) reduction in poverty C) improved health D) all of the above
The relative concept of poverty is based on how far a family falls behind the
a. average family income. b. top 20 percent of families. c. minimum in wages. d. any of the above.
Two-period panel data is used for program evaluation and policy analysis.
Answer the following statement true (T) or false (F)