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Questions and Answers
What does inflation measure?
What does inflation measure?
- The average household income
- The stability of a country's economy
- The overall increase in prices or the increase in the cost of living in a country (correct)
- The rate of decrease in prices over a given period of time
Who often aspire to be known as 'inflation hawks'?
Who often aspire to be known as 'inflation hawks'?
- Central bankers (correct)
- Business leaders
- Politicians
- Economists
When was inflation declared Public Enemy No. 1 in the United States?
When was inflation declared Public Enemy No. 1 in the United States?
- In 1974 (correct)
- In 1968
- In 1980
- In 1992
What does a broader measure of inflation typically include?
What does a broader measure of inflation typically include?
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Whose cost of living depends on the prices of many goods and services and the share of each in the household budget?
Whose cost of living depends on the prices of many goods and services and the share of each in the household budget?
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