A consequence of the CPI bias is that it
A) decreases government outlays.
B) reduces outlet substitution bias.
C) means that it is impossible to measure the inflation rate.
D) increases international trade.
E) distorts private contracts.
E
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According to the Monetarists a decrease in investment spending initially __________ unemployment so that the price level __________. The resulting __________ in the real money supply __________ spending
A) increases; rises; increase; decreases B) increases; falls; increase; increases C) increases; falls; increase; decreases D) decreases; rises; increase; increases
Describe the size of government employment as a percentage of the labor force. What are three major types of government employment at the state and local levels and at the Federal level?
What will be an ideal response?