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ECN 211 Exam 2 2025 Questions and Answers
ECN 211 Exam 2 2025 Questions and Answers
Course:
ECN 211
Institution:
ECN 211
ECN 211 Exam 2 2025 Questions and Answers
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| Uploaded on: | September 4, 2025 |
| Last updated: | September 5, 2025 |
| Number of pages: | 19 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | ECN 211 Exam 2 2025 Questions and Answers |
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ECN 211 Exam 2 2025 Questions and Answers 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) neither the number of apples nor the number of pears bought by the typical consumer changes from year to year. B) neither the price of apples nor the price of pears changes from year to year. C) the number of apples bought by the typical consumer is equal to the number of pears bought by the typical consumer in each year. D) the percentage change in the price of apples is equal to the percentage change in the price of pears from year to year. - ....ANSWER ...-Answer - neither the number of apples nor the number of pears bought by the typical consumer changes from year to year. The consumer price index is used to …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1
