A numeraire is A) an average good. B) a tax levied on each ...

[eruditmonkey@yahoo.com]

A numeraire is
 
  A) an average good.
  B) a tax levied on each consumer.
  C) a good used as a unit of account.
  D) an optimal bundle of goods.

Question 2

If expectations about inflation are adaptive, they are ________.
 
  A) formed by looking at the future
  B) likely to change rapidly
  C) based on past inflation
  D) all of the above
  E) none of the above

[juicepod]

Answer to Question 1

C

Answer to Question 2

C

[eruditmonkey@yahoo.com]

Thanks for the timely response, appreciate it

[Sarahjh]

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