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Author Question: Price indexes like the CPI are calculated using a base year. The term base year refers to: a. the ... (Read 175 times)

faduma

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on: Jun 30, 2018
Price indexes like the CPI are calculated using a base year. The term base year refers to:
 a. the first year that price data are available.
  b. any year in which inflation was higher than 5 percent.
  c. the most recent year in which the business cycle hit the trough.
  d. an arbitrarily chosen reference year.

Question 2

The marginal propensity to consume (MPC) is the change in consumption divided by the change in income.
 a. True
  b. False
  Indicate whether the statement is true or false


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briseldagonzales

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


faduma

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

scikid

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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