Headline inflation is:
A. core inflation with the prices of food and gasoline added in.
B. limited measure of inflation in the economy.
C. used only by the media for discussing inflation.
D. not a generally accepted measure of inflation.
A. core inflation with the prices of food and gasoline added in.
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If a society moves from a period of time with significant unemployment to a time with full employment, its production possibilities frontier will
A) shift rightward. B) not shift because the society moves from a point inside the frontier to a point on the frontier. C) shift leftward. D) not shift because the society moves from one point on the frontier to a point inside the frontier. E) not shift because the society moves from one point on the frontier to a point outside the frontier.
Disposable income equals national income minus personal taxes
Indicate whether the statement is true or false