If the price of used cars rises, then the CPI will ________ and the GDP deflator will ________
A) increase; increase
B) increase; not change
C) not change; increase
D) not change; not change
E) increase; increase by more than the CPI
B
You might also like to view...
DeShawn's Detailing is a service that details cars at the customers' homes or places of work. DeShawn's cost for a basic detailing package is $40, and he charges $75 for this service. For a total price of $90, DeShawn will also detail the car's engine, a
service that adds an additional $20 to the total cost of the package. What is the marginal cost of adding the engine detailing to the basic detailing package? A) $20 B) $30 C) $60 D) $60 plus the value of his time
Refer to the data provided in Table 17.4 below to answer the following question(s). The table shows the relationship between income and utility for Celeste.Table 17.4 IncomeTotal Utility $0 0 $40,00050 $80,00090$120,000120$160,000140Refer to Table 17.4. From the table, we can see that Celeste is
A. risk-loving. B. risk-neutral. C. risk-averse. D. We cannot determine Celeste's attitude toward risk from the table.