Is consumer price index the same as inflation?
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indicate whether each of the following statements applies to microeconomics or macroeconomics: a)the unemployment rate in the united states was 4.2% in Jan. 01 b)the Alpo dog-food plant in Bowser, Iowa laid off 15 workers c) an unexpected freeze in central florida reduced the citrus crop and caused the price of oranges to rise d)u.S. output, adjusted for inflation, grew by 5% in 2000 e)last week Fargo Bank lowered its interest rate on business loans by one-half of 1%age point f)the consumer price...
Answer:
Microeconomics deals with individuals - whether consumers, firms, homogeneous groups or industries....
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If the consumer price index (CPI) for the year 2004 is 190, does that mean that (the annual rate of) inflation in 2004 was 90 percent ? A.) Yes. A CPI of 190 is an 90 percent increase from 100. B.) No. the inflation rate is always the same as the nautural...
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The government keeps giving multiple explanations for this. Sometimes, it is said that this is because of supply-side issues. Other times, the government says that this is because of high growth and huge increase in demand with not much increase in supply...
Answer:
Apart from supply side reasons, Here are some others: The Government of India's (GoI) grain procurement...
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The inflation rate in country x, as measured by changes in the consumer price index, is 5%. Does it mean that every individual's cosy of living has increased by 5%? Explain your answer clearly with 3 reasons.
Answer:
Inflation is the increase of prices of consumer goods (consumer basket). If Inflation is 5%, it does...
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Economics??? What is the Consumer Price Index? How does this measure gauge inflation?
Answer:
Suggest you use a kids search site like Ask Jeeves to look up all three terms and have them explained...
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Reference Alternate Inflation Charts and consider whether Fed policy toward curbing inflation has been working in this light.
Answer:
Almost a trick question, but here's my opinion on it First the effect on Housing. The market is slowly...
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Grocery stores, restaurants, gasoline, even building materials have risen significantly in the past twelve months. Yet the govt says the inflation is around 2-3%. It seems it's a lot higher than that. After-effects of Hurricane Katrina can't be to blame...
Answer:
The overall CPI may 2 - 3%, throughout the country, but some areas will be much higher, and some will...
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Answer:
First, the inflation rate is more than just the consumer price index. Second, the jump of 15 points...
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