Flashcards - Measurements of Inflation

Flashcards - Measurements of Inflation
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Core inflation data
Core inflation represents the long run trend in the price level
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purchasing power
Purchasing power is the number of goods or services that can be purchased with a unit of currency
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4 cards in set
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Back
purchasing power
Purchasing power is the number of goods or services that can be purchased with a unit of currency
Core inflation data
Core inflation represents the long run trend in the price level
Producer Price Index
A Producer Price Index measures the average changes in prices received by domestic producers for their output
intermediate good
Intermediate goods or producer goods or semi-finished products are goods , such as partly finished goods, used as inputs in the production of other goods including final goods

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