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Author Question: As currently calculated, the CPI tends to overstate the true inflation rate because A) we cannot ... (Read 66 times)

Shelles

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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.


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annierak

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Shelles

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

robbielu01

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Reply 3 on: Yesterday
Excellent

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