Author Question: A numeraire is A) an average good. B) a tax levied on each consumer. C) a good used as a unit ... (Read 146 times)

eruditmonkey@yahoo.com · **on:** Jun 30, 2018

A numeraire is

A) an average good.
B) a tax levied on each consumer.
C) a good used as a unit of account.
D) an optimal bundle of goods.

Question 2

If expectations about inflation are adaptive, they are ________.

A) formed by looking at the future
B) likely to change rapidly
C) based on past inflation
D) all of the above
E) none of the above