When the Bureau of Labor Statistics Calculates the Consumer Price

question 54

Multiple Choice

When the Bureau of Labor Statistics calculates the consumer price index,it assumes that:

• A) each consumer maximizes his or her utility.
• B) consumers do not substitute cheaper goods for goods whose prices have risen.
• C) consumers overspend.
• D) there is no unemployment.

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Definitions:

Gram-positive

Refers to bacteria that retain the color of the crystal violet stain used in the Gram staining method, indicating a thicker peptidoglycan cell wall.

Gram-variable

Refers to bacteria that do not consistently stain as gram-positive or gram-negative because of variability in the structure of their cell wall.

Clostridium Tetani

A bacterium that causes tetanus, characterized by muscle stiffness and convulsions, contracted through wound infections.

Gram-positive

Refers to bacteria that retain the crystal violet stain used in Gram's method of staining, indicative of a thick layer of peptidoglycan in the bacterial cell wall.