Product innovation:
A. presents a problem for those calculating the CPI because they use a fixed basket of goods.
B. is accurately reflected in the basket of goods.
C. doesn’t cause the CPI to be overestimated.
D. is not an issue for the CPI since it uses a fixed basket of goods and services.
A. presents a problem for those calculating the CPI because they use a fixed basket of goods.
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Why is the production possibilities frontier bowed out?
What will be an ideal response?
Which of the following is an example of trade policy at the national level?
a. Congress passing legislation to prevent dumping. b. The European Union adopting a common currency c. The World Trade Organization holding a round of negotiations in France. d. The General Agreement on Tariffs and Trade being made.
An expansionary fiscal policy makes the exchange rate appreciate
a. True b. False Indicate whether the statement is true or false
An important source of short-term funds for commercial banks are ________ which can be resold on the secondary market
A) negotiable CDs B) commercial paper C) mortgage-backed securities D) municipal bonds