What are some criticisms of the CPI as a measure of inflation?
The CPI is criticized as a measure of inflation because it may not be representative of all consumers, it can incorrectly adjust for quality changes, and it can ignore the relationship between price changes and the importance of items in the market basket.
Economics
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Managers undertake an investment only if
a. Marginal revenue is greater than zero b. Marginal costs is less than marginal revenue c. Marginal revenue is greater than marginal costs d. Investment decisions do not depend on marginal analysis
Economics
Keynes believed that the best method for tackling recessions was to reduce government spending and raise taxes, thereby reducing the federal budget deficit
a. True b. False Indicate whether the statement is true or false
Economics