Author Question: Ceteris paribus, in the short run following a decrease in the rate of growth in aggregate demand, we ... (Read 83 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
Ceteris paribus, in the short run following a decrease in the rate of growth in aggregate demand, we would expect to see an increase in the rate of unemployment and a decrease in the rate of inflation.
 
  Indicate whether the statement is true or false

Question 2

The Bureau of Labor Statistics has taken several steps to reduce the bias in the consumer price index. Which of the following is not one of the steps taken to reduce the bias?
 
  A) updating the market basket every two years, rather than every 10 years
  B) using statistical methods to reduce the size of the quality bias
  C) conducting a point-of-purchase survey to track where consumers actually make their purchases
  D) incorporating substitutions by consumers when prices of specific products rise rapidly



jamesnevil303

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

TRUE

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

For a complete list of videos, visit our video library