The base year for a price index is the year_____
a. in which prices were lowest
b. in which prices were highest
c. in which real output was the largest
d. in which prices were stable
e. that serves as a reference point
e
Economics
You might also like to view...
An increase in the price of cameras results in a decrease in the demand for film. The two products are
a. complements. b. unrelated. c. defective d. substitutes
Economics
An increase in government purchases or a decrease in taxes, other things being equal, will tend to:
a. increase interest rates and decrease investment. b. increase interest rates and increase investment. c. decrease interest rates and decrease investment. d. decrease interest rates and increase investment.
Economics