The observation that changes in an economic variable are unpredictable suggests that the relevant variable follows ________

According to rent-seeking theory, which group is most likely to benefit from representative democracy?

a. consumers b. taxpayers c. the poor d. children e. lawyers

Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the basket's cost was $77; in 2013, the basket's cost was $82; and in 2014, the basket's cost was $90 . The value of the CPI in 2014 was

a. 109.8 and the inflation rate was 9.8%. b. 109.8 and the inflation rate was 16.9%. c. 116.9 and the inflation rate was 9.8%. d. 116.9 and the inflation rate was 16.9%.