A) Housing.
B) Gold.
C) Stocks.
D) Bonds.
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A) Monthly percentage rate increase in the price of all goods and services.
B) Annual percentage rate increase in tax brackets.
C) Annual percentage rate increase in the average price level.
D) Monthly adjustment of wages to the cost of living.
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A) Sellers of output were better off than wage earners.
B) Everyone must have been worse off since the price level rose faster than incomes.
C) There were no redistributive effects of inflation.
D) The economy was experiencing stagflation.
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A) Is experiencing money illusion.
B) Really is better off as he suggests.
C) Has experienced an increase in nominal and real income.
D) Has experienced an increase in real income only.
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A) Consumption,saving,and investment behavior.
B) Saving and investment behavior,but not consumption.
C) Consumption,but not saving and investment behavior.
D) Income, but not consumption.
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No.Inflation is defined as an ...View Answer
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A) Deflation.
B) Recession.
C) Depression.
D) Inflation
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A) Nominal income.
B) Real income.
C) Bracket creep.
D) Income effect.
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A) 13 percent.
B) 10 percent.
C) 25 percent.
D) 50 percent.
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A) Cost-push inflation.
B) Demand-pull inflation.
C) Hyperinflation.
D) Super-pull inflation.
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A) The unemployment rate.
B) Real GDP.
C) COLAs.
D) The CPI.
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A) Understate the inflation rate.
B) Overstate the inflation rate.
C) Understate economic growth.
D) Be artificially low.
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A) Find out what people buy with their incomes and how the prices of what they buy change.
B) Find out why people buy,what they buy,and how the prices of what they buy change.
C) Find out what is in the typical consumer market basket on the basis of what producers produce.
D) Conduct producer surveys to determine how much prices rise.
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A) Use of nominal dollars rather than real dollars to gauge income or wealth.
B) Movement of taxpayers into higher tax brackets as nominal income increases.
C) Focus on real dollars rather than nominal dollars to determine purchasing power.
D) Uncertainty that occurs because of inflation.
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A) Greater unemployment.
B) Greater real income.
C) The wealth effect.
D) None of the other choices.
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A) Equals the official goal of 3 percent.
B) Has the least effect on the behavior of companies,investors,consumers,and workers.
C) Maximizes the "wealth effect" of inflation.
D) Coincides with an unemployment rate of 0 percent.
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A) Congress set an inflation goal of no more than 3 percent.
B) The president set an inflation goal of 0 percent.
C) Alan Greenspan set an inflation goal of 0 percent.
D) An unemployment goal of 4 percent was set, but no inflation goal could be set.
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A) The difference between the prime rate and the rate charged by the government (the Federal Reserve) on loans.
B) The nominal interest rate minus the anticipated rate of inflation.
C) The inflation rate minus the percentage increase in average wages.
D) The sum of inflation rates and unemployment rates.
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A) Entertainment and packaging prices.
B) Food and energy prices.
C) Only energy prices for the airlines.
D) Import prices.
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