TRUE AND false : I. True or False (20points, 1 point each) No, Answer No. Answer

Question

TRUE AND false

: I. True or False (20points, 1 point each) No, Answer No. Answer 1 2 3 45 6 7 89 10 11 12 13 14 15 16 17 18 19 20 I, Macroeconomics is the study of the economy as a whole 2. Both the value of hamburgers sold by a restaurant and the value of the beef it used to 3. The consumer price index is used to monitor changes in an economy's production of make these hamburgers are included in GDP goods and services over time. 4. Substitution bias causes the CPI to understate the increase in the cost of living from one year to the next. 5. The catch-up effect refers to the idea that poor countries, despite their best efforts, are not likely ever to experience the economic growth rates of wealthier countries. 6. When economists refer to investment, they mean the purchasing of stocks and bonds and 18

Explanation / Answer

Question 1). Answer :- True.

Question 2). Answer :- False.

Question 3). Answer :- False.

Question 4). Answer :- False.

Question 5). Answer :- True.

Question 6). Answer :- False.

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