The capture theory holds that regulations are supplied to maximize ________

Most economists believe that the CPI overstates the actual changes in prices while the chain index for GDP understates them

Indicate whether the statement is true or false

The fact that 80% of the assets accumulated during a lifetime are bequeathed to heirs in the United States suggests that

A) the appropriate time horizon for consumption theory is the lifetime of the earner. B) the appropriate time horizon for consumption theory is intergenerational. C) the Barro-Ricardo equivalence theorem is correct. D) it is true that higher taxes increase savings.