________ inflation is more stable than __________ inflation, because it ____________.
A. Core; headline; excludes food and gasoline prices
B. Headline; core; excludes food and gasoline prices
C. Core; headline; does not exclude food and gasoline prices
D. Headline; core; does not exclude food and gasoline prices
A. Core; headline; excludes food and gasoline prices
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Which of the following would be an example of a lump-sum tax?
A. A compensated tax. B. A retail sales tax. C. A head tax. D. An admission fee.
All of the following are criticisms of the Lorenz curve analysis EXCEPT
A) income-in-kind is not figured in. B) the inequality gap is not an issue that economists study. C) different sizes of households are ignored. D) it does not take into consideration lifetime earnings.
Why can superstar athletes and movie stars earn multimillion dollar salaries but superstar electricians and professors cannot?
a. Every customer in the market wants to enjoy the good supplied by the best producer. b. Technology makes it possible for the best producer to supply every customer at low cost. c. Customers are willing to pay more for entertainment than other services. d. Both a and b are correct.
Which of the following is correct?
a. Nominal and real interest rates always move together. b. Nominal and real interest rates never move together. c. Nominal and real interest rates do not always move together. d. Nominal and real interest rates always move in opposite directions.