Suppose that the basket of goods purchased by the typical consumer costs $188.80 this year and it cost $160 in the base year. The CPI in the base year would be
A) 85.11.
B) 100.0.
C) 118.0.
D) 348.8.
B
You might also like to view...
Which of the following should be increased during an expansion?
A) Government spending B) Unemployment C) Inflation D) Tax rates
Refer to the above table. You are given information on Jasmin's consumption for 2005 and 2015. Using 2005 as the base year compute the price index for 2015. The index equals
A) 0.75. B) 73.007. C) 87.50. D) 136.842.
In a quasi-experiment
A) quasi differences are used, i.e., instead of ?Y you need to use ( - λ × ), where 0 < λ < 1. B) randomness is introduced by variations in individual circumstances that make it appear as if the treatment is randomly assigned. C) the causal effect has to be estimated through quasi maximum likelihood estimation. D) the t-statistic is no longer normally distributed in large samples.
A recessionary real shock will:
a. shift the aggregate demand curve to the left and reduce real GDP. b. shift the aggregate demand curve to the right and increase real GDP. c. shift the aggregate supply curve to the left and increase real GDP. d. shift the aggregate supply curve to the left and reduce real GDP. e. shift the aggregate supply curve to the right and increase real GDP.