The consumer price index (CPI), the personal consumption expenditures price index (PCE), and the core PCE have over the last 15 years
A) moved roughly together with the CPI being the most stable.
B) moved roughly together with the PCE being the most stable.
C) not moved together, with the CPI being the most stable.
D) moved roughly together with the core PCE being the most stable.
D
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All else constant, there is an inverse relationship between the price elasticity of demand and the marginal revenue resulting from a decrease in price
Indicate whether the statement is true or false
The Federal Reserve System consists of
A) one Federal Reserve Bank and 12 Federal Reserve districts, each with one branch bank. B) a main central bank located in New York, with 11 additional branch banks located across the country. C) 12 Federal Reserve Banks, each of which have a degree of independence from the U.S. government. D) 12 independent banks in the 12 Federal Reserve districts, each of which are owned and controlled by the federal government.