Approximately how often is the Consumer Price Index (CPI) market basket updated?
a. Every 10 years
b. Every 25 years
c. Every year
d. Every 2 years
e. Every 5 years
D
Economics
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Briefly explain the process of multiple deposit creation
What will be an ideal response?
Economics
Imposition of an output tax on all firms in a competitive industry will result in
A) a downward shift in each firm's marginal cost curve. B) a downward shift in each firm's average cost curve. C) a leftward shift in the market supply curve. D) the entry of new firms into the industry. E) higher profits for the industry as price rises.
Economics