All of the following can create a bias in the CPI EXCEPT the
A) new goods bias.
B) outlet substitution bias.
C) commodity substitution bias.
D) GDP price index bias.
E) quality change bias.
D
Economics
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A decrease in the discount rate ________ bank reserves and ________ the federal funds rate
A) increases; raises B) increases; lowers C) decreases; raises D) decrease; lowers
Economics
Which of the following experiments will yield observations that would allow one to calculate the marginal physical product of labor?
a. increase the number of lumberjacks with chain saws and observe the change in output of cut trees b. increase the number of workers on an assembly line and record the change in output c. Both a and b are correct. d. Neither a nor b are correct.
Economics