The goal of the consumer price index is to measure changes in the
a. costs of production.
b. cost of living.
c. relative prices of consumer goods.
d. production of consumer goods.
b
Economics
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Keynes believed that changes in autonomous spending were dominated by unstable fluctuations in ________, which are influenced by emotional waves of optimism and pessimism—factors he referred to as "animal spirits."
A) unplanned investment spending B) actual investment spending C) planned investment spending D) autonomous consumer expenditures
Economics
When demand is inelastic, a decrease in price increases total revenue
a. True b. False Indicate whether the statement is true or false
Economics