QUESTION 15 Which of the following statements is true? O The consumer price inde

Question

QUESTION 15 Which of the following statements is true? O The consumer price index tends to understate the impact of inflation on consumers because consumers adjust to price changes O If the price of gasoline rises, the core inflation rate will increase. O The United States experienced "hyperinflation" during the 1990's. O none of the above QUESTION 16 Which of the following statements about economic growth is true? Government spending can crowd out private investment spending and reduce economic growth. Government spending can increase economic growth China has achieved rapid economic growth over the last 30 years in large part because of market reforms and their population's high savings rate. all of the above

Explanation / Answer

15. The correct answer is A. This only considers consumer goods.

16. The correct answer is D.

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