Author Question: The consumer price index implicitly assumes that the demand curve for each good and service in the ... (Read 153 times)

ec501234 · **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