Chapter 11 Crossword

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Across
  1. 2. a measure of the level of prices of all new, domestically produced, final goods and services in an economy.
  2. 3. The group of things that consumers buy
  3. 7. the rate at which the general level of prices for goods and services is rising.
  4. 8. measures the cost of living.
  5. 10. Increases variety.
  6. 13. Buy goods that become cheaper.
  7. 15. is a technique to adjust income payments by means of a price index, in order to maintain the purchasing power of the public after inflation
  8. 16. CPI this year - CPI last year / ? x 100
  9. 17. amount in year T dollars x CPI today / ?
Down
  1. 1. improvements in the quality of goods in the basket increases the value of each dollar.
  2. 4. ?-CPI last year / CPI last year x 100
  3. 5. the interest rate before taking inflation into account.
  4. 6. Included in CPI.
  5. 8. amount in year T dollars x ? / CPI in year T
  6. 9. 100 x cost of basket in current year / cost of basket in base year.
  7. 11. excluded from CPI.
  8. 12. the lowest wage permitted by law or by a special agreement
  9. 14. Bureau of Labor Statistics
  10. 16. Cost of living adjustments.