Business, 23.10.2019 21:00, cooltez100

Suppose wages rise in china, leading to an increase in the price of toys imported from china. this change would cause the u. s. cpi to:
(a)-fall because chinese toys are part of the basket of goods and services an average household might consume and they would consume less.
(b)-rise because chinese toys are part of the basket of goods and services an average household might consume. stay the same because
(c)- chinese toys are not part of the basket of goods and services an average household might consume.

this change would cause:
(i)-rise in the u. s. gdp price deflator.
(ii)no change in the u. s. gdp price deflator.
(iii)-a fall in the u. s. gdp price deflator.

this change would cause:
(i)-a rise in the u. s. producer price index.
(ii)-a fall in the u. s. producer price index.
(iii)no change in the u. s. producer price index.

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Suppose wages rise in china, leading to an increase in the price of toys imported from china. this c...