Inflation can be measured by using:
A) the rate of change of the GDP deflator.
B) the average growth rate of output over the business cycle.
C) the inverse of the unemployment rate.
D) the average price index.
Correct Answer:
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Q27: The M1 money supply consists of:
A) currency,
Q28: Which of the following is not a
Q29: Inflation refers to:
A) an increase in prices.
B)
Q30: Deflation refers to:
A) a decrease in prices.
B)
Q31: The consumer price index (CPI) is:
A) a
Q33: As a result of unanticipated inflation,
A) government
Q34: Demand deposits are:
A) time deposits that banks
Q35: The rate of inflation increases. The government
Q36: The consumer price index is not an
Q37: An increase in the inflation rate in
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