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Author Question: Name two factors that may influence an economic time series such as the Consumer Price ... (Read 14 times)

Garrulous

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on: Jul 24, 2018
Name two factors that may influence an economic time series such as the Consumer Price Index.

Question 2

What is the Consumer Price Index most useful for?
 a. Comparing prices of similar products in the same geographic area across time.
  b. Measuring the complete cost of living for most (87) of Americans.
  c. Measuring the money-saving behavior of U.S. consumers.
  d. Measuring the effects of changes in quality of products over time on the cost of living.


britb2u

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Reply #1 on: Jul 24, 2018
Answer to Question 1

ANY REASONABLE ANSWERS OK. EXAMPLES: SEASONS; HOLIDAYS; VACATION PRACTICES; CLIMATIC CONDITIONS; MODEL CHANGEOVERS.

Answer to Question 2

A


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