Why is it important for consumers to know the change in relative price of a good or service they consume?
a. It allows them to calculate the actual rate of inflation.
b. It helps them understand whether they are still getting the most “bang for their buck.”
c. It allows them to calculate how much more expensive one good is compared to
another.
d. It helps them understand that any increase is due to inflation.
b. It helps them understand whether they are still getting the most “bang for their buck.”
Economics
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What will be an ideal response?
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Expenditures on social programs, such as health care and income security, constitute more than half of U.S. federal expenditures in 2016.
Answer the following statement true (T) or false (F)
Economics