Figure 103: (Source: Federal Reserve Economic Data, St

question 13

Essay

Figure 10.3: (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider Figure 10.3 which shows two types of inflation. Which of the series is likely to be "standard" inflation? Which is core inflation? What is the cause of the sharp increases and decreases in the solid line in the late 2000s?

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Definitions:

Sense of Shame

A painful feeling of humiliation or distress caused by the consciousness of wrong or foolish behavior.

Strain Gauges

Sensitive devices used to measure the deformation or strain in an object by electrically tracking how much an object has been stretched or compressed.

Photoplethysmograph

A device used to measure blood volume changes in the microvascular bed of tissue, often used to detect blood oxygen levels.