Core inflation includes energy and food cost increases.
Answer the following statement true (T) or false (F)
False
Core inflation does not include energy and food cost increases.
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The age-earning cycle
A) is an earnings profile of an individual throughout his or her lifetime. B) shows the earnings differences by age and by gender. C) depicts differences in the relationship between age and earnings across countries. D) shows the average incomes of people broken down by age categories.
If a firm in a perfectly competitive market faces the curves in the graph shown and observes a market price of $16, the firm:
A. can make positive profits by producing less than 43 units.
B. can make positive profits by producing where MC = MR.
C. cannot make positive profits and should shut down in the short run.
D. should continue to operate in the short run, but plan to exit in the long run.
Which of the following does not result in a change in the demand for foreign currency?
a. c and d. b. changes in income. c. changes in foreign currency supply. d. changes in the foreign exchange rate. e. changes in the interest rate.
Which of the following is most likely to lead to financial trouble?
What will be an ideal response?