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Author Question: As the price of gasoline rose during the 1970s, consumers cut back on their use of gasoline relative ... (Read 194 times)

humphriesbr@me.com

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on: Jun 30, 2018
As the price of gasoline rose during the 1970s, consumers cut back on their use of gasoline relative to other consumer goods. This situation contributed to which bias in the consumer price index?
 a. Substitution bias.
  b. Transportation bias.
  c. Quality bias.
  d. Indexing bias.

Question 2

The greater the marginal propensity to consume (MPC) in the economy, the greater the spending multiplier.
 a. True
  b. False
  Indicate whether the statement is true or false


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Fayaz00962

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

a

Answer to Question 2

True


humphriesbr@me.com

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

Perkypinki

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

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