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Which of the following statements about prices and inflation is not correct.

a. Deflation is an increase in the general level of prices.

b The CPI measures changes in the average prices of goods and services

c. Disinflation is an increase in the rate of inflation.

d. real income is the actual amount of dollars received in a period 

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manhokwe tawanda
manhokwe tawandaLv10
7 Jan 2021
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Related questions

Which of the following statements about prices and inflation is not​ correct?

A. The price level measures the average prices of goods and services across the economy.

B. The inflation rate shows the percentage change in prices across periods of time.

C. Prices generally increase at the same rate across most periods of time.

D. Inflation represents a general rise in prices over periods of time.

Answer at least two parts of this GDP question, which has three parts (A, B, C)

A) Real GDP is the value of goods and services measured in

- Current prices

- Real Prices

- Inflated prices

- Constant (or base prices)

B) Which of the following is a difference between CPI and GDP Deflator?
- Deflator measures the prices of all goods and services, CPI does not

- CPI measures the prices of all goods and services, deflator does not

-Both of the above

-None of the above

C) Which of the following is not a problem with CPI?

a) Substitution bias

b) New goods

c) Quality changes

d) The way GDP deflator is calculated.

Which of the following is not true of inflation, in general?

A) It refers to a general increase in the price level

B) During periods of rapid inflation, prices of all goods are increasing

C) The annual inflation rate can be measured by finding the year-over-year percentage change in the CPI

D) None of the above

 

 

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