ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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2.Because it excludes food and energy prices, _______ inflation is more stable than _______ inflation.

Multiple Choice

  • headline; core

  • core; nominal

  • nominal; core

  • core; headline

 

4.

 

During a bout of hyperinflation, suppose the country of Weimar announces it will be rolling out a new currency, the Weimar Mark, which is worth 1 million Marks. Neutrality of money suggests this change will:

Multiple Choice

  • only change core inflation.

  • not influence prices in the overall economy.

  • None of these are true.

  • dramatically decrease real wealth.

 

5.

 

The relationship between the money supply, output, and the overall price level is illustrated by the:

Multiple Choice

  • aggregate price level.

  • neutrality of money.

  • classical theory of inflation.

  • measure of real output.

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