Research and discuss the work of the Boskin Commission on inflation measurement problems.

Research and discuss the work of the Boskin Commission on inflation measurement problems.

Research and discuss the work of the Boskin Commission on inflation measurement problems.  Compare and contrast fixed-weighted and chain-weighted price indexes, and implicit deflators.

Gather data and illustrate seasonal, frictional, structural and cyclical unemployment, and the concept of full employment.

Explain the permanent income hypothesis, the marginal propensity to consume, and the consumption function.  Please illustrate with some real-world data examples.

Justify your opinion of the effectiveness, or lack thereof, regarding the original 2009 government spending stimulus plan and additional deficit spending to date.

 

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In the year 1995, the United States senate appointed a committee known as the Boskin Commission to study any biases in the consumer price index computation when measuring inflationary rates.  The report identified four sources of inflation measurement problems. These include; the product bias, quality change bias, outlet substitution and substitution bias……………………

APA

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