This topic contains a solution. Click here to go to the answer

Author Question: The consumer price index implicitly assumes that the demand curve for each good and service in the ... (Read 112 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
The consumer price index implicitly assumes that the demand curve for each good and service in the representative market basket is
 
  A) vertical. B) negatively sloped. C) positively sloped. D) horizontal.

Question 2

If credit card balances rise in the economy, then M1 will ________ and M2 will ________.
 
  A) decrease; increase
  B) not change; increase
  C) increase; decrease
  D) not change; not change
  E) increase; increase



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dudman123

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

A

Answer to Question 2

D




ec501234

  • Member
  • Posts: 573
Reply 2 on: Jun 29, 2018
Wow, this really help


nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

For a complete list of videos, visit our video library