As of July 2012, the 12 month CPI inflation rate was 1.4 percent and the 12 month core CPI inflation rate was 2.1 percent. The difference between these two measurements of inflation indicates Select one: O a. prices for food and fuel grew more rapidly than prices for other goods. O b. prices for food and fuel grew less rapidly than prices for other goods. O c. hyperinflation. O d. the underlying inflation rate was lower than the overall inflation rate.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
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Chapter12: Money Growth And Intlation
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As of July 2012, the 12 month CPI inflation rate was 1.4 percent and the 12 month core CPI inflation rate was 2.1 percent. The difference
between these two measurements of inflation indicates
Select one:
O a. prices for food and fuel grew more rapidly than prices for other goods.
O b. prices for food and fuel grew less rapidly than prices for other goods.
c. hyperinflation.
O d. the underlying inflation rate was lower than the overall inflation rate.
Next page
me bere to search
Transcribed Image Text:As of July 2012, the 12 month CPI inflation rate was 1.4 percent and the 12 month core CPI inflation rate was 2.1 percent. The difference between these two measurements of inflation indicates Select one: O a. prices for food and fuel grew more rapidly than prices for other goods. O b. prices for food and fuel grew less rapidly than prices for other goods. c. hyperinflation. O d. the underlying inflation rate was lower than the overall inflation rate. Next page me bere to search
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