The more money an average household spends on one specific type of good or service per month, the
A) smaller the relative importance of that item in the CPI market basket.
B) larger the relative importance of that item in the CPI market basket.
C) costlier it will be to conduct the Consumer Expenditure Survey.
D) less significant an increase in the price of that good or service will be for the household.
E) more frequently its price is checked when calculating the CPI.
B
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Bonds ________ and stocks ________
A) always pay interest payments forever; always pay dividends forever B) have a fixed number of interest payments; have a fixed number of dividend payments C) may pay interest payments forever; have a fixed number of dividend payments D) have a fixed number of interest payments; may pay dividends forever
In the Keynesian model, a $5 billion decrease in autonomous planned investment leads to ________ in short-run equilibrium output.
A. no change. B. a $5 billion increase C. a greater than $5 billion decrease D. a $5 billion decrease