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what is a market basket?
Question
Asked 4/13/2014 5:19:26 PM
Updated 4/14/2014 1:10:23 AM
2 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by paral [4/14/2014 1:09:27 AM], Confirmed by paral [4/14/2014 1:09:40 AM]
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Original conversation
User: whats the inflation rate?
User: inflation rate?

User: what is a market basket?

Weegy: Market basket refers to a fixed list of items used specifically to track the progress of inflation in an economy or specific market.


User: The percentage of decrease in the average price of the economy’s goods and services is known as the __________. A. nonlabor force B. deflation rate C. unemployment rate D. consumer price index

Question
Asked 4/13/2014 5:19:26 PM
Updated 4/14/2014 1:10:23 AM
2 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by paral [4/14/2014 1:09:27 AM], Confirmed by paral [4/14/2014 1:09:40 AM]
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Rating
3
Inflation rate is the rate of change of prices (as indicated by a price index) calculated on a monthly or annual basis.
Added 4/14/2014 1:09:10 AM
This answer has been confirmed as correct and helpful.
3
The percentage of decrease in the average price of the economy’s goods and services is known as the unemployment rate.
Added 4/14/2014 1:10:23 AM
This answer has been confirmed as correct and helpful.
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Questions asked by the same visitor
Monetary cost is also known as __________ to economists. A. revenue B. profit C. price D. tax
Question
Not Answered
Updated 4/29/2015 1:56:33 PM
1 Answer/Comment
Monetary cost is also known as PRICE to economists.

Added 4/29/2015 1:56:33 PM
This answer has been confirmed as correct and helpful.
Rated good by debnjerry, Confirmed by debnjerry [6/4/2015 9:22:26 AM]
what is the amount a supplier is willing and able to supply at a certain price
Question
Not Answered
Updated 11/18/2014 11:43:47 AM
1 Answer/Comment
Quantity supplied is the amount a supplier is willing and able to supply at a certain price.

Added 11/18/2014 11:43:47 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/18/2014 11:48:51 AM]
what is quantity demand?
Weegy: Demand - the amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price. User: When the price of an item decreases, the quantity demanded increases. When the price of an item increases, the quantity demanded decreases. true or false? (More)
Question
Not Answered
Updated 4/1/2017 9:10:44 AM
2 Answers/Comments
When the price of an item decreases, the quantity demanded increases. When the price of an item increases, the quantity demanded decreases. TRUE.

Added 4/1/2017 8:56:16 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [4/1/2017 9:11:06 AM]
Quantity demanded is a term used in economics to describe the total amount of goods or services demanded at any given point in time.
Added 4/1/2017 9:10:43 AM
This answer has been confirmed as correct and helpful.
what are public disclosure laws?
Question
Not Answered
Updated 4/14/2014 12:37:34 AM
1 Answer/Comment
Public disclosure is any non-confidential communication which an inventor or invention owner makes available to one or more members of the public.
Added 4/14/2014 12:37:34 AM
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what was the 1962 Consumer Bill of Rights?
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Updated 4/14/2014 4:55:53 AM
1 Answer/Comment
On March 15, 1962, President John F. Kennedy presented a speech to the United States Congress in which he extolled four basic consumer rights, later called the Consumer Bill of Rights.
Added 4/14/2014 4:55:53 AM
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