The CPI in 1930 Equaled 0

question 80

Multiple Choice

The CPI in 1930 equaled 0.17. The CPI in 1931 equaled 0.15. The rate of inflation between 1930 and 1931 was ________ percent.

• A)-13.3
• B)-11.8
• C)1.5
• D)11.8

Calculate the effects of changes in consumption on utility levels.

Distinguish between various forms of utility functions and their implications on consumer behavior.

Understand the concept of indifference curves and how they represent consumer preferences.

Analyze the effect of substitutions and complementarities in consumption on consumer utility.