【判断题】Because an increase in petrol prices causes consumers to ride their bikes more and drive their cars less, the Consumer Prices Index (CPI) tends to underestimate the cost of living
【判断题】The interest-rate effect suggests that the aggregate demand curve slopes downward because an increase in the price level shifts money demand to the right, increases the interest rate, and reduces inve...
【判断题】Because an increase in petrol prices causes consumers to ride their bikes more and drive their cars less, the CPI tends to underestimate the cost of living.