Using a Laspeyres index to calculate the Consumer Price Index (CPI)
A) weights quantities with current prices.
B) weights prices with base-year quantities.
C) weights quantities with base-year prices.
D) weights prices with current year quantities.
B
Economics
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The monetary base is equal to
A) M1. B) M2. C) currency and coins in circulation plus checkable deposits. D) the sum of coins, Federal Reserve notes, and banks' reserves at the Fed. E) the sum of coins, Federal Reserve notes, and gold at the Fed.
Economics
Scarcity can be eliminated if:
a. people satisfy needs rather than wants. b. sufficient new resources were discovered. c. output of goods and services were increased. d. none of these.
Economics