Multiple Choice
Refer to Table 8.1,which gives hypothetical data on price changes for three goods.If the overall rate of inflation in the economy was 3.5%,what happened to the real price of camouflage neckties?
A) The real price of camouflage neckties fell by 0.4%.
B) The real price of camouflage neckties rose by 0.4%.
C) The real price of camouflage neckties rose by 6.6%.
D) The real price of camouflage neckties fell by 6.6%.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Why does core inflation not include energy
Q37: As an example of hyperinflation,one U.S.dollar was
Q38: <span class="ql-formula" data-value="\begin{array}{l}\begin{array} { | c |
Q39: In order to create an index for
Q40: Nominal increases take into account inflation adjustments
Q42: <span class="ql-formula" data-value="\begin{array}{l}\begin{array} { | c |
Q43: COLA provisions automatically increase wages or benefits
Q44: Inflation is<br>A) one of the key measures
Q45: <span class="ql-formula" data-value="\begin{array}{l}\begin{array} { | c |
Q46: Which is NOT a category of goods