For the CPI, the market basket of goods and services is modified

A) each time the Consumer Expenditures Survey is conducted.
B) about every 10 to 20 years.
C) each month when the Price Survey is completed.
D) each year to reflect changes in consumer purchasing habits.
E) at the discretion of the President.

A

Economics

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What do RBC economists mean by the term calibration?

A) Modifying the structure of an economic theory to strengthen its logic B) Changing a theory as the economy changes C) Working out a detailed numerical example of a more general theory D) Writing out the implications of a theory for all the main economic variables

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The problem of political instability has been greatest in which continent?

A. South America B. Europe C. Asia D. Africa

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