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

Author Question: As currently calculated, the CPI tends to overstate the true inflation rate because A) we cannot ... (Read 53 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 29, 2018
As currently calculated, the CPI tends to overstate the true inflation rate because
 
  A) we cannot know what the true inflation rate is.
  B) it fails to correctly measure quality changes for some products.
  C) the market basket selected is inappropriate.
  D) the market basket fails to weigh housing costs sufficiently.

Question 2

In the figure above, originally the apartment rental market is in short-run and long-run equilibrium with a rent of 600 per month. Then the government imposes a rent ceiling of 500 per month. The deadweight loss is borne by
 
  A) the producers only.
  B) the consumers only.
  C) all producers and some consumers.
  D) all consumers and some producers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

true story true story
How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
The level of future emissions is closely linked to the rate of population growth The level of future emissions is closely linked to the rate of population growth
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library