The CPI is a measure of the overall cost of the goods and services bought by
a. a typical consumer, and the CPI is computed and reported by the Department of the Treasury.
b. typical consumers and typical business firms, and the CPI is computed and reported by the Department of the Treasury.
c. a typical consumer, and the CPI is computed and reported by the Bureau of Labor Statistics.
d. typical consumers and typical business firms, and the CPI is computed and reported by the Bureau of Labor Statistics.
c
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Which of the following shifts short-run aggregate supply right?
a. an increase in the minimum wage b. an increase in immigration from abroad c. an increase in the price of oil d. an increase in the actual price level
An auxiliary regression refers to a regression that is used:
A. when the dependent variables are qualitative in nature. B. when the independent variables are qualitative in nature. C. to compute a test statistic but whose coefficients are not of direct interest. D. to compute coefficients which are of direct interest in the analysis.