1- You were offered the same job position in New York, Arizona, Maryland, and Florida. However, you were offered different salary and compensation_____:

a.Due to aggregate supply

b.Due to aggregate demand

c.Due to the regional difference in cost of living

d.Due to economic fluctuation

2- Substitution bias and difference between GDP deflator and CPI is called:

a.Correcting economic variables

b.Problems in measuring cost of living

c.Indexation

d.Real and nominal interest rates