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1. When calculating the cost a market basket over time, A. keep quantities fixed year to year and use each year's prices B.) keep prices

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1. When calculating the cost a market basket over time, A. keep quantities fixed year to year and use each year's prices B.) keep prices fixed year to year and use each year's quantities C. use the GDP deflator D. change the base year each year 2. Which of the following would cause a shift of the demand curve (that is, a shift of demand) for winter jackets? A. A change in the price of winter gloves B. A change in the cost of fabric C. A sale on winter jackets D. A change in the wages of workers 3. If equilibrium price increased but equilibrium quantity did not change, how did Supply and Demand shift? A. Demand increased, Supply increased B.\\Demand increased, Supply decreased -- C. Demand decreased, Supply increased D. Demand decreased, Supply decreased Whin

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