Chapter 39. Tracking Inflation: How Fast Are Prices Rising? (Winter 2016 Update)

39.1

According to the video, which government agency typically tracks prices?

The Congressional Budget Office.

The Bureau of Economic Analysis.

The Bureau of Labor Statistics.

The International Monetary Fund.

The “Quantitative Easing” policy mentioned in the video _____, which can lead to _____.

Increased the U.S. money supply; a decrease in the price level

Decreased the U.S. money supply; a decrease in the price level

Increased the U.S. money supply; an increase in the price level

Decreases the U.S. money supply; an increase in the price level

According to the video, how long does it take for fuel-price increases to be passed on to consumers?

One year.

One and a half years.

Six months.

Two and a half years.

So-called “core inflation” excludes the prices of ____ which are ____ than other prices.

Durable goods; more volatile

Food and fuel; less volatile

Fuel and food; more volatile

Durable goods; less volatile

According to Roberto Rigobon, the tradeoff for lowered unemployment is:

Higher inflation.

Hyperinflation.

A weaker dollar.

A stronger dollar.