Changes in the Relative Prices of Goods Causes Problems Measuring

question 66

Multiple Choice

Changes in the relative prices of goods causes problems measuring real GDP because

• A) consumers change their buying habits.
• B) consumers buy less of the cheaper good.
• C) firms produce more of the cheaper good.
• D) price deflators only measure the price level.
• E) they tend to be inaccurate.

Examine defences to breach of contract, including impossibility and personal satisfaction.

Understand the concept of substantial performance and its applicability.

Comprehend how specific performance and liquidated damages provisions operate within contracts.

Recognize conditions precedent and subsequent in contract terms.