Suppose that the Consumer Price Index rises 3% from this year to next year.And suppose that the price of your favorite pizza rises 3% over that time as well.Which of the following is TRUE?
A) The nominal price of pizza has increased.
B) The real price of pizza has increased.
C) The real price of pizza has fallen.
D) The nominal price of pizza has remained the same.
Correct Answer:
Verified
Q3: Which of the following must be TRUE?
A)
Q4: Under which president did the United States
Q5: Suppose that the consumer price index rose
Q6: When the 2001 tax cuts were passed,they
Q7: Suppose you paid $2.50 for a beer
Q9: Which of the following is TRUE?
A) Neither
Q10: The budget process distinguishes between:
A) entitlement spending
Q11: Suppose the government spends $3 trillion and
Q12: The budget process sets which of the
Q13: A balanced budget requires that:
A) politicians vote
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