Gasoline Prices Typically Increase in March and October Because of Required

question 193

Multiple Choice

Gasoline prices typically increase in March and October because of required maintenance at refineries. For this reason, it is best to

• A)Seasonally adjust the data
• B)Politically adjust the data
• C)Focus on March/October increases
• D)Focus on April/November decreases.

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Definitions:

Booming Economy

An economic state characterized by rapid growth, increased spending, and low unemployment.

CPI

The Consumer Price Index represents a method for determining the average prices of a variety of consumer goods and services, such as healthcare, transportation, and food, by using their weighted average prices.

Inflationary Recessions

Inflationary recessions are periods of economic decline accompanied by high inflation, where the economy is shrinking while prices for goods and services rise.

E-Commerce

Electronic commerce, or e-commerce, encompasses the buying and selling of goods and services using the internet and other electronic systems.