Inflation is often measured by evaluating chances in the cost of a fixed basket of goods and services. This method inflation because it does not account for changes in spending patterns that result from relative price changes.

(A) overestimates
(B) underestimates.

This problem in known as .

(A) quality/new goods bias
(B) improvement bias
(C) substitution bias
(D) index bias

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

The five steps to financial success a. five money myths b. five foundations

What is inventory turnover? explain the effect of a high inventory turnover during the christmas shopping season.