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 46 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
Wow, this really help

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
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.
Ads from the public service campaign in the late 1960s and early 1970s that encouraged people to get ... Ads from the public service campaign in the late 1960s and early 1970s that encouraged people to get ...
Kneeling on one knee to keep good alignment when massaging the arms and hands. Kneeling on one knee to keep good alignment when massaging the arms and hands.
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Video: DNA close up Animation

For a complete list of videos, visit our video library