How is the typical market basket determined for the Consumer Price Index (CPI)?
a. By the President
b. By the U.S. Congress
c. By a survey of the spending patterns of thousands of businesses
d. By a survey of the spending patterns of thousands of government agencies
e. By a survey of the spending patterns of thousands of households
E
You might also like to view...
If the demand for textbooks is inelastic, then a decrease in the price of textbooks will
a. increase total revenue of textbook sellers. b. decrease total revenue of textbook sellers. c. not change total revenue of textbook sellers. d. There is not enough information to answer this question.
Current concern about Social Security is that
A. the fund might be depleted before long and might not be there for workers who retire later. B. the fund is growing too rapidly and would trigger inflation. C. the government is planning to phase out the program. D. none of these