The Sharp Swing in Core Inflation in 2008-09 Was Due

question 61

Multiple Choice

The sharp swing in core inflation in 2008-09 was due to:

• A)movements in energy prices.
• B)the sharp decline in housing prices.
• C)There was no sharp swing in core inflation.
• D)rapid increases in wages.
• E)rapidly rising unemployment.

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Definitions:

Lessor

The party in a lease agreement who owns the property and has the right to lease it to another party, known as the lessee.

Lessee

an individual or entity who leases or rents property from a lessor, obtaining the right to use it according to the lease terms.

Merchant

An individual or company involved in the trade of goods, services, or commodities for profit.

Fungible

Items or assets that are interchangeable and of such a nature that one part or quantity may replace another equal part in paying a debt or settling a deal.