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

Author Question: The CPI overestimates inflation because a. it often ignores the invention of new goods. b. it ... (Read 53 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
The CPI overestimates inflation because
 
  a. it often ignores the invention of new goods.
  b. it always includes discount stores.
  c. it allows substitution from more expensive goods to cheaper goods.
  d. all of the above.

Question 2

In the classical model, a tax on capital will
 
  a. increase the demand for labor, the real wage, and output.
  b. increase the supply of labor, reduce real wages, and increase output.
  c. decrease the demand for labor, the real wage, and output.
  d. have no effect on the labor market.
  e. increase both labor demand and supply, which will increase output.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


HCHenry

  • Member
  • Posts: 591
Reply 2 on: Jun 30, 2018
:D TYSM

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Cause of Inflation Cause of Inflation
Observable Universe Before and After Inflation Observable Universe Before and After Inflation
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library