Multiple Choice
If the goods producers buy change dramatically between years,then
A) this would be reflected in both the consumer price index (CPI) and the gross domestic product (GDP) deflator.
B) this would not be reflected in either the consumer price index (CPI) or the gross domestic product (GDP) deflator.
C) it would mean the market basket would be automatically updated to reflect the changes.
D) this would be reflected in the gross domestic product (GDP) deflator but not the consumer price index (CPI) .
E) menu costs would fall.
Correct Answer:
Verified
Correct Answer:
Verified
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