This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The consumer price index implicitly assumes that the demand curve for each good and service in the ... (Read 111 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

The human oxygen-hemoglobin dissociation curve. The human oxygen-hemoglobin dissociation curve.
Men Present for Service during the Civil War Men Present for Service during the Civil War
A visually impaired patient is assisted by a service dog. A visually impaired patient is assisted by a service dog.
Are good deeds selfish? Are good deeds selfish?
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Video: Aneurysm

For a complete list of videos, visit our video library