The Consumer Price Index

question 9

Multiple Choice

The consumer price index:

• A)tracks the value of output over time.
• B)is not tied to cost-of-living adjustments.
• C)doubles every five years in the economy.
• D)is a weighted average of consumer prices.
• E)is a broader price index measure than the implicit GDP deflator.

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Definitions:

Roosevelt

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The elected head of a republican state, often holding the highest executive authority within the government structure.

First New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the 1930s, aimed at restoring prosperity to Americans during the Great Depression.

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