The biases in the CPI are
A) not important since they are so small.
B) important only to economists, not the real world.
C) important since they effect nearly 1/3 of federal government spending.
D) not important although they are large.
C
Economics
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Suppose that the nominal rate of interest is holding steady at 2 percent even as the anticipated rate of inflation rises. What is happening to the real rate of interest?
A) It is unchanged. B) It is increasing. C) It is decreasing. D) It equals the nominal interest rate.
Economics
The LEAST risky payment plan from the viewpoint of the worker is:
A. piece rate. B. hourly wage. C. profit sharing. D. revenue sharing.
Economics