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

Author Question: Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit ... (Read 78 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
on: Jun 30, 2018
Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit that are not included in the market basket used to compute the CPI. In addition, suppose that all of these goods have become cheaper over the last year, while the overall CPI has increased by 6 percent. Then which of the following is true?
 a. The CPI will understate the negative impact of inflation on your purchasing power and standard of living.
  b. The CPI will still accurately state the negative impact of inflation on your purchasing power and standard of living.
  c. The CPI will overstate the negative impact of inflation on your purchasing power and standard of living.
 d. None of the answers above are correct.

Question 2

The Phillips curve traces a set of combinations of rates of:
 a. interest and unemployment.
  b. real GDP and inflation.
  c. real GDP and interest.
  d. inflation and interest.
  e. unemployment and inflation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vish98

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


jCorn1234

  • Member
  • Posts: 545
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Nonpolar and polar bonds in an organic molecule Nonpolar and polar bonds in an organic molecule
Representative fruit types Representative fruit types
Food chains. Food chains.
A young gerbil sitting by the food bowl to eat A young gerbil sitting by the food bowl to eat
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Food Web in Desert Biome Food Web in Desert Biome
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library