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The consumer price index fails to take into account the fact that consumers substitute less expensive goods for those goods whose prices have risen. A. True B. False
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Asked 4/30/2012 3:20:29 PM
Updated 336 days ago|6/25/2019 7:58:11 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by Masamune [6/25/2019 7:57:46 AM], Edited by Masamune [6/25/2019 7:58:06 AM], Confirmed by Masamune [6/25/2019 7:58:11 AM]
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User: The consumer price index fails to take into account the fact that consumers substitute less expensive goods for those goods whose prices have risen. A. True B. False

Weegy: The consumer price index fails to take into account the fact that consumers substitute less expensive goods for those goods whose prices have risen. TRUE.

User: Empirical evidence has shown that the U.S. consumer price index and GDP deflator generally move in the same direction. A. True B. False

Question
Asked 4/30/2012 3:20:29 PM
Updated 336 days ago|6/25/2019 7:58:11 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by Masamune [6/25/2019 7:57:46 AM], Edited by Masamune [6/25/2019 7:58:06 AM], Confirmed by Masamune [6/25/2019 7:58:11 AM]
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Empirical evidence has shown that the U.S. consumer price index and GDP deflator generally move in the same direction. TRUE.
Added 337 days ago|6/24/2019 6:34:04 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [6/25/2019 7:58:17 AM]
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The main economic cost of cyclical unemployment is lost economic output. A. True B. False
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Updated 5/31/2018 4:52:33 AM
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The main economic cost of cyclical unemployment is lost economic output. TRUE.
Added 5/31/2018 4:52:33 AM
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