The Boskin Commission concluded that the CPI overstates increases in the cost of living by ________ percentage point(s) per year

The policy tool of "credit easing" refers to the ________

A) Treasury's issuance of federal debt to finance home buying B) federal government's requirement that the Fed must lend directly to home buyers C) Fed's requirement that the federal government must lend to directly to home buyers D) Fed's purchase of private securities to stimulate banks' lending E) Fed's lowering of the federal funds rate to zero

If the demand for digital cameras increases when consumers' income rise, then digital cameras are

A) a normal good. B) an inferior good. C) a substitute good for video cameras. D) a complement to video cameras.