According to the Application, as new products are constantly invented and introduced on the market,
A) the bias in the CPI can be large.
B) the bias in the CPI will eventually disappear.
C) the bias in the CPI will remain virtually unchanged.
D) the bias in the CPI tends to become smaller.
A
Economics
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The U.S. economy is experiencing falling output, falling employment, falling incomes and rising unemployment. These conditions best describe a business cycle ________
A) peak B) expansion C) recession D) trend E) trough
Economics
When the economy is at full employment, the
A) natural unemployment rate is equal to 0 percent. B) natural unemployment rate equals the unemployment rate. C) natural unemployment rate is equal to 10 percent. D) unemployment rate is equal to 0 percent. E) frictional unemployment rate is equal to 0 percent.
Economics