Because of the volatility of food and energy prices, the Bank of Canada pays more attention in the short run to changes in ________ than to changes in ________. total CPI inflation; inflation of the GDP deflator inflation of the GDP deflator; total CPI inflation core inflation; total CPI inflation total CPI inflation; core inflation the nominal exchange rate; the real exchange rate
Because of the volatility of food and energy prices, the Bank of Canada pays more attention in the short run to changes in ________ than to changes in ________. total CPI inflation; inflation of the GDP deflator inflation of the GDP deflator; total CPI inflation core inflation; total CPI inflation total CPI inflation; core inflation the nominal exchange rate; the real exchange rate
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 15E
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Question
41. Because of the volatility of food and energy prices, the Bank of Canada pays more attention in the short run to changes in ________ than to changes in ________.
total
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inflation of the GDP deflator; total CPI inflation
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core inflation; total CPI inflation
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total CPI inflation; core inflation
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the nominal exchange rate; the real exchange rate
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