This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As currently calculated, the CPI tends to overstate the true inflation rate because A) we cannot ... (Read 55 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 29, 2018
As currently calculated, the CPI tends to overstate the true inflation rate because
 
  A) we cannot know what the true inflation rate is.
  B) it fails to correctly measure quality changes for some products.
  C) the market basket selected is inappropriate.
  D) the market basket fails to weigh housing costs sufficiently.

Question 2

In the figure above, originally the apartment rental market is in short-run and long-run equilibrium with a rent of 600 per month. Then the government imposes a rent ceiling of 500 per month. The deadweight loss is borne by
 
  A) the producers only.
  B) the consumers only.
  C) all producers and some consumers.
  D) all consumers and some producers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
Factors that Influence Pulse Rate Factors that Influence Pulse Rate
Fluidization - Reaction Rate Chart Fluidization - Reaction Rate Chart
How to convert units of any rate to another (Part 2) How to convert units of any rate to another (Part 2)
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library