Consider a Small Economy in Which Consumers Buy Only Two

question 74

Multiple Choice

Consider a small economy in which consumers buy only two goods: apples and pears.In order to compute the consumer price index for this economy for two or more consecutive years,we assume that

• A)the number of apples bought by the typical consumer is equal to the number of pears bought by the typical consumer in each year.
• B)neither the number of apples nor the number of pears bought by the typical consumer changes from year to year.
• C)the percentage change in the price of apples is equal to the percentage change in the price of pears from year to year.
• D)neither the price of apples nor the price of pears changes from year to year.

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Definitions:

Bipolar Depression

A phase of bipolar disorder characterized by depressive symptoms, including persistent sadness, hopelessness, and lack of interest in activities.

Dopamine Activity

The biochemical actions related to dopamine, a neurotransmitter involved in many functions including mood regulation, motivation, and reward perception.

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A condition where there is a decrease in gamma-aminobutyric acid, a key neurotransmitter in the brain associated with regulating nervous system excitability.