Core inflation refers to the inflation picture after stripping away the Multiple Choice o capital goods prices. o food and energy prices. o government-regulated prices. o service-sector prices.
The unemployed are those people who Multiple Choice 0 do not have jobs 0 are not employed but are seeking work. 0 are not working 0 are not in the workforce.
"Full employment" refers to the situation when there is Multiple Choice Ο 100% employment of the labor force. Ο a 0% unemployment rate. Ο no frictional or structural unemployment. no cyclical unemployment. Ο.
1. Core inflation is defined as an
inflation measure that excludes transitory price volatility, such
as excluding the price of food and energy.
food and energy
2. The unemployed are those people
who are not employed but are seeking work.
3. "Full employment" refers to the
situation when there is:
No cyclical unemployment.
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