If the Quality of a Good Improves While Its Price

question 11

Multiple Choice

If the quality of a good improves while its price remains the same,then the value of a dollar

• A)rises and the cost of living increases.
• B)rises and the cost of living decreases.
• C)falls and the cost of living increases.
• D)falls and the cost of living decreases.

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Definitions:

Unemployed Category

A classification for individuals who are not currently employed but are actively seeking work and available to start work.

Unemployed Category

The classification of individuals in the labor force who are without a job but actively seeking employment.

Bureau of Labor Statistics

A US government agency that collects, processes, and disseminates essential statistical data on labor market activity, working conditions, and price changes in the economy.

Adult Population

Refers to the portion of the population that is considered to be of working age, typically above 18 years old.