The consumer price index:
a. tracks the value of output over time.
b. is not tied to cost-of-living adjustments.
c. doubles every five years in the economy.
d. is a weighted average of consumer prices.
e. is a broader price index measure than the implicit GDP deflator.
d
Economics
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The cost of producing one more unit of a good or service is equal to its
A) marginal benefit. B) producer surplus. C) marginal expenditure. D) consumer surplus. E) marginal cost.
Economics
All other things equal, an increase in government spending that is NOT funded by taxes will
A) have an undetermined effect on the current account. B) have no effect on the current account. C) increase the current account deficit. D) decrease the current account deficit.
Economics