Correspond to genuine price stability

Assignment Help Macroeconomics
Reference no: EM131086769

As best we can tell, responded the central bank governor, the center of the 2 percent inflation target, namely 1 percent, appears to correspond to genuine price stability once the various sources of bias in the CPI are allowed for." An example of bias in the CPI measure is that it

a) ignores import prices b) ignores investment goods

c) ignores most quality changes d) values government output at cost

"The Commerce department announced that it is shifting from 1987 to 1992 as the base year for calculating the nation's real GDP and price index."

Reference no: EM131086769

Questions Cloud

Maximum profit for the producer : A producer in a perfectly competitive industry has a cost function described by TC(q)=1000+6q+0.2q^2. If the market price is 40 and it has already committed to paying the fixed cost, what is the maximum profit for the producer?
Contemporary project management : This project will help the Jones Family a family of 5 go to Disney World by the summer of 2017. The funds will be gathered between all family members since all have jobs. The goal is to fly to Orlando, stay at the Shades of Green, eat at least two..
Quantity demanded decreases : Define what is when the price of a good rises relative to income, people cannot afford all the things they previously bought, so the quantity demanded decreases.
Good and quantity demanded of the good : Define what is the entire relationship between the price of the good and quantity demanded of the good.
Correspond to genuine price stability : As best we can tell, responded the central bank governor, the center of the 2 percent inflation target, namely 1 percent, appears to correspond to genuine price stability once the various sources of bias in the CPI are allowed for." An example of ..
Relationship between the quantity demanded : Define what shows the relationship between the quantity demanded of a good and its price when all else remains the same.
How does he solve the puzzle : He is confronted with two rates: purchasing power parity rate and market determinedrate
Difference between enumerated rights and implied rights : What is "selective incorporation" (review pp. 405 - 410 of the textbook if needed)? Are your civil liberties as an American citizen (or, if you are not an American citizen, as an American resident) weakened or strengthened by "selective incorporat..
Develop a gantt schedule chart for first printing : First Printing and Copy Center has 4 more jobs to be scheduled, in addition to those shown in Example 3 in the chapter. Production scheduling personnel are reviewing the Gantt chart at the end of day 4.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Design a two part tariff structure

The Rusty Anchor Bar has two-types of patrons: legal and underage drinkers. Even though it is illegal to allow entry to underage drinkers, there is no perfect way to identify underage drinkers since they often use fake identification card.

  Determining the concept of innovation

Are global consumers spoiled and unrealistic in their expectations, or are they finally demanding their rights in the marketplace? How has the worldwide demand for quality driven the concept of innovation? How has innovation changed your life?

  Consider a small open economy that uses peso as a national

7.Consider a small open economy that uses peso as a national currency and allows it to float against foreign currencies. Suppose that the price level includes the peso prices of domestic goods and the peso equivalent of the dollar prices of imp..

  Economist to develop theories

Production possibilities have been used by several economist to develop their theories. What is its definition?

  Compute a marginal cost and an average cost schedule

Suppose that a firm in a perfectly competitive industry has the following total cost schedule; Compute a marginal cost and an average cost schedule for the firm.

  Was there hyper inflation in any year

Refer to the following data on the U.S. consumer price index and answer the questions below. a. Compute the inflation rate for each year 1989-2006. b. Which years were years of inflation c. In which years did deflation occur d. In which years did dis..

  Calculate the amount of interest earned

(i) Calculate the principal that will earn a total of £2,535 in 4 years at 3¼% simple interest per annum. (ii) Calculate the amount of interest earned in the first year

  How managers would use the cost-benefit analysis

Provide a cost-benefit analysis for a company which has to decide whether to hire more staff or hire temporary workers to meet production schedules. Determine how managers would use your cost-benefit analysis to make this decision.

  Problem regarding the demand and supply equations

Assume the following demand and supply equations: Qd = 1000 - 40P, and Qs = 400 + 20P. Calculate the intercepts and the slopes of the two curves.

  Short answer questions1 explain the law of diminishing

short answer questions1. explain the law of diminishing marginal utility. why does it occur?2. the value of cross price

  Write-up for capital accumulation-tfp and convergence

Write-up for a case in macroeconomics and find a list of indicators for a number of emerging market economies

  Explain factors which influencing excess reserve

Analyze the factors that influence the banks desired excess reserve ratio, r e . What would happen to the magnitude of r e if:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd