The CPI market basket is determined by
A) tax return data of households.
B) supermarket purchases recorded by scanner technology.
C) profit releases of the largest companies.
D) a consumer survey.
E) surveys asking large retail companies, such as Wal-Mart, about their sales of consumer goods and services.
D
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This Application addresses the economic concept of
A) procyclical investment. B) financial intermediaries. C) present value. D) the multiplier-accelerator model.
The ability of the federal government to regulate the distribution of income among families and individuals is
A) enormous, as shown by the redistribution that has occurred from the rich to the poor since World War II. B) largely limited to what can be accomplished through revisions in the rules of the game. C) unlimited because government is sovereign. D) virtually unlimited because few people would be willing to emigrate merely in order to escape taxation.