he goal of stable prices is achieved when _______. A. the prices of food, clothing, and shelter are stable B. the PCEPI inflation rate excluding food and energy prices is 2 percent a year C. the general level of prices is changing, but we can accurately predict the rate of change D. the inflation rate is zero percent a year
he goal of stable prices is achieved when _______. A. the prices of food, clothing, and shelter are stable B. the PCEPI inflation rate excluding food and energy prices is 2 percent a year C. the general level of prices is changing, but we can accurately predict the rate of change D. the inflation rate is zero percent a year
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 11P
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Question
How do you know if the Fed's actions achieve the goal of stable prices?
The goal of stable prices is achieved when _______.
A.
the prices of food, clothing, and shelter are stable
B.
the PCEPI inflation rate excluding food and energy prices is 2 percent a year
C.
the general level of prices is changing, but we can accurately predict the rate of change
D.
the inflation rate is zero percent a year
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