3
answers
0
watching
592
views

1. During a recession, it is generally the case that output __________ and inflation __________.

a. Rises; Falls

b. Rises; Rises

c. Falls; Falls

d. Falls; Rises

 

2. The inflation rate is determined by calculating the percentage change of the:

a. Consumer Price Index.

b. Chain price index for GDP.

c. Change in the CPI.

d. Both A and B.

 

3. Which of the following is NOT included in the CPI?

a. The price of used goods, such as older cars

b. The price of food

c. The price of energy

d. The price of industrial machinery

e. The price of imported consumer goods

 

4. Those most likely to be hurt by inflation are:

a. Borrowers.

b. Labour unions with COLA clauses.

c. Owners of real estate.

d. Lenders.

e. Owners of precious metals, antiques, and works of art.

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Already have an account? Log in
Mahe Alam
Mahe AlamLv10
28 Sep 2019
Already have an account? Log in

Related textbook solutions

Related questions

Weekly leaderboard

Start filling in the gaps now
Log in