How did the price change in the long run when DSR shifted to DLR?
a. It fluctuated.
b. It remained constant.
c. It decreased.
d. It increased.
c. It decreased.
Economics
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In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the CPI in 2013?
A) 59 B) 129 C) 169 D) 102
Economics
Refer to Figure 17-9. Fed Chairman Paul Volcker's response to high inflation of the late 1970s is depicted in the figure above as a movement from
A) A to D to C. B) C to E to B. C) A to B to C. D) C to B to A. E) C to D to A.
Economics