$2.98 is an example of
A) typical pricing.
B) markup pricing.
C) odd pricing.
D) margin pricing.
C
Economics
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In 1986, an Apple IIe computer with 65 kilobytes of memory cost around $1,500. Today, a $1,500 iMac computer (also made by Apple) comes with 8 gigabytes of memory. This illustrates the potential for what kind of bias in CPI calculations?
A) outlet bias B) new product bias C) increase in quality bias D) substitution bias
Economics
If the correlation between GDP and y is 0, we say y is
A) procyclical. B) acyclical. C) countercyclical. D) tricyclical.
Economics