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Author Question: The consumer price index implicitly assumes that the demand curve for each good and service in the ... (Read 62 times)

ec501234

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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


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dudman123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


ec501234

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

lkanara2

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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