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A Common Measure of Inflation Is the Percentage Change in the CPI

question 5

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A common measure of inflation is the percentage change in the CPI of adjacent years.

Comprehend the economic implications of persistent U.S. trade deficits.
Identify the major components of the current and capital and financial accounts in the balance of payments, and how these balances are determined.
Analyze how exchange rates are determined in flexible and managed floating exchange rate systems.
Recognize the relationship between the current account and the capital and financial account.

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