Which of the following changes would have the largest impact on the CPI?
A) a one percent increase in the cost of housing
B) a one percent increase in the cost of transportation
C) a one percent increase in the cost of medical care
D) a one percent increase in the cost of education
E) a one percent increase in the cost of apparel
A
You might also like to view...
When the Fed buys bonds on a mass scale
A) bonds go to the Fed, and dollars go into the banking system, so the money supply tends to rise. B) bonds go to the Fed, and dollars exit the banking system, so the money supply tends to fall. C) banks have more bonds and fewer dollars, so the money supply tends to fall. D) banks have more bonds and fewer dollars, so the money supply tends to rise.
In the case of a linear demand function, the marginal revenue function is twice as steep as the demand function
Indicate whether the statement is true or false