The inflation rate is calculated
a. by determining the change in the price index from the preceding period.
b. by adding up the price increases of all goods and services.
c. by computing a simple average of the price increases for all goods and services.
d. by determining the percentage increase in the price index from the preceding period.
d
Economics
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The sales of shoes that include shoelaces is a tie-in sale that most likely
A) greatly increases the shoe producer's profit. B) increases transactions costs. C) increases efficiency. D) None of the above.
Economics
If the national output cannot be increased unless the productive capacity or potential GDP increases, the aggregate supply curve is:
a. downward-sloping. b. U-shaped. c. vertical. d. upward-sloping. e. horizontal.
Economics