To “cure” their balance of payments deficits without altering exchange rates, Southeast Asian countries in 1997 were forced to create

The Consumer Price Index (CPI) measures

A) the prices of a few consumer goods and services. B) the prices of those consumer goods and services that increased in price. C) the average of the prices paid by urban consumers for a fixed market basket of goods and services. D) consumer confidence in the economy. E) the average of the costs paid by businesses to produce a fixed market basket of consumer goods and services.

A common mistake made by consumers is the failure to take into account the sunk costs of their actions

Indicate whether the statement is true or false