Since 1960 the U.S.inflation rate measured by the CPI has
A) increased at a steady rate
B) remained remarkably constant
C) fluctuated widely and has even occasionally been negative
D) fluctuated widely and usually been positive although it has occasionally been negative
E) always increased as the unemployment rate has declined
Correct Answer:
Verified
Q40: Labor is fully employed when
A)everyone is working
Q41: Prices usually adjust fairly slowly; the speed
Q42: When an economist indicates that the economy
Q43: When the economy goes into a recession,
Q44: As the economy enters a boom we
Q45: The CPI is defined as
A)the cost-price index,
Q46: If we look at the inflation rate
Q47: The Phillips curve is often used to
Q48: Looking at the performance of the U.S.economy
Q49: If we look at inflation as measured
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