Examlex

Solved

If the Consumer Price Index Increased from 1

question 103

Multiple Choice

If the consumer price index increased from 1.52 to 1.65, then it must be the case that ________ relative to prices in the base year.


Definitions:

Rent Control

Government-set price ceiling on rent.

Usury Law

Legislation regulating the maximum interest rate that can be charged on a loan, to protect consumers from excessively high rates.

Minimum Wage Law

Legislation that sets the lowest hourly wage rate that an employer can legally pay its workers.

Gas Lines

Queues of vehicles waiting to fuel up, sometimes seen during periods of fuel shortages.

Related Questions