Related to the Economics in Practice on p. 325: Surveys by the bank of England suggest that two important factors in influencing consumer perceptions of inflation are ________ and ________.
A) the value of the British pound; the value of the euro
B) food prices; the stock of money
C) interest rates; the unemployment rate
D) gas prices; media attention to price increases

Question

Quizplus · Accepted Answer

Surveys by the Bank of England have found that gas prices and media attention to price increases are two significant factors that influence consumer perceptions of inflation. These elements are directly observable by consumers and frequently reported on, making them top of mind when consumers think about inflation.

Related to the Economics in Practice on P