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 118 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

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Survivorship curve for the North American beaver. Survivorship curve for the North American beaver.
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S
Tag identify that the power has been removed and service work is being done. Tag identify that the power has been removed and service work is being done.
The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ... The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ...
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Video: Structures that affect circulation - heart and MABP

For a complete list of videos, visit our video library