The consumer price index implicitly assumes that the demand curve ...

[ec501234]

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

[dudman123]

Answer to Question 1

A

Answer to Question 2

D

[ec501234]

Thanks for the timely response, appreciate it

[marict]

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