The most commonly used price index to track changes in prices for the typical household in the U.S. is:

A. consumer price index.
B. average price index.
C. retail price index.
D. producer price index.

A. consumer price index.

Economics

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In a voluntary exchange,

A) both parties tend to receive more in value than they give u

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If the interest rate is 10 percent, the present value of $400 to be received one year from today is about

A) $440. B) $390. C) $364. D) $377.

Economics