Multiple Choice
If the price of pizzas has risen from $4 to $5 at the same time that the price of an hour of aerobics class has risen from $20 to $30, then
A) pizzas have become relatively more expensive.
B) aerobics classes have become relatively more expensive.
C) the relative prices of pizzas and aerobics classes have remained constant.
D) workers' real income must have decreased.
Correct Answer:

Verified
Correct Answer:
Verified
Q67: National income is<br>A) personal income of individuals
Q68: If the GDP deflator in 2011 was
Q69: Automobiles are now safer and get better
Q70: In an economy with persistent inflation,<br>A) real
Q71: Which of the following transactions would be
Q73: If you wanted to measure whether the
Q74: Suppose the consumer price index (CPI) for
Q75: The reporter on one broadcast network says
Q76: When the consumer price index rises, the
Q77: The price of dishwashers increases dramatically, causing