This ORIGINAL Econixa set deepens inflation measurement: index construction, real vs nominal distinctions, and who gains or loses.
Q1.
The CPI is criticized for substitution bias because it:
Multiple choice · Intermediate
Q2.
To convert a nominal wage to a real wage, you:
Multiple choice · Foundations
Q3.
A worker's nominal wage rises 6% while CPI inflation is 4%. Her real wage:
Multiple choice · Intermediate
Q4.
Core inflation excludes food and energy prices mainly because:
Multiple choice · Advanced
Q5.
If you lend $1,000 at 5% nominal interest and inflation is 3%, your approximate real return is:
Multiple choice · Foundations
Q6.
Inflation that is fully anticipated and perfectly adjusted for still imposes:
Multiple choice · Intermediate
Q7.
Bracket creep refers to:
Multiple choice · Advanced
Q8.
Which group is hurt MOST by unanticipated inflation?
Multiple choice · Foundations
Q9.
Which of the following best describes disinflation?
Multiple choice · Intermediate
Q10.
The GDP deflator differs from the CPI in that the deflator:
Multiple choice · Advanced