When comparing the annual inflation rate in the United States based on the CPI with the annual inflation rate based on the PCE price index, the data show that the two inflation rates
A) move in opposite directions.
B) remained constant over the forty year period after 1979.
C) steadily increased over the forty year period after 1979.
D) move up and down in similar but not identical ways.
E) both fluctuate, but the fluctuations have little relationship to each other.
D
Economics
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Classical growth theory argues that when real GDP per person rises above the subsistence level
A) technological change slows down, stagnating the economy. B) population growth increases, driving real GDP per person back to subsistence level. C) people don't want to work as much, decreasing labor supply. D) the economy enjoys a period of permanent growth.
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