Author Question: People will be likely to spend a higher percentage of any additional income when _____. a. they ... (Read 130 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
People will be likely to spend a higher percentage of any additional income when _____.
 a. they believe that the increase is permanent
  b. they believe that the increase is temporary
  c. the increase is large
 d. the increase is small
 e. interest rates on savings accounts are rising

Question 2

To determine the consumer price index (CPI), _____.
 a. the values of the current market basket at current and base-year prices need to be known
 b. the values of the base-year market basket at current and base-year prices need to be known
 c. the values of the current market basket at current prices and the base-year market basket at base-year prices need to be known
  d. only the current market basket at base-year prices needs to be known
 e. only the current market basket at current prices needs to be known



Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

a

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library