Newspaper and government sources often cite `core' CPI, a Consumer Price Index that does not include volatile items like

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answerhappygod
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Newspaper and government sources often cite `core' CPI, a Consumer Price Index that does not include volatile items like

Post by answerhappygod »

Newspaper and government sources often cite `core' CPI, a
Consumer Price Index that does not include volatile items like
gasoline and food. Why is this a misleading measure?
(A) It can overstate inflation.
(B) It can understate inflation.
(C) It misrepresents the volatility of consumer prices.
(D) All of the above.
Why is the phrase, "Follow the science," imprecise and
misleading?
(A) Scientists are mostly a bunch of nerds who do not
deadlift.
(B) Science is a process of falsification, not a set of
dogmas.
(C) Scientists have historically stated that smoking is good for
health, that Thalidomide is safe, and that peptic ulcers are caused
by spicy foods (instead of H. pylori).
(D) It is neither imprecise nor misleading. Always trust
scientists.
Which of the following is the best articulation of Marginalist
economics?
(A) The additional value a person derives from more consumption
is increasingly lower.
(B) A commodity has use value and exchange value. The latter is
derived from the labour theory of value.
(C) All humani nteractions can be modelled mathematically as
strategic games (game theory).
(D) Most economists are soyjacks and NPCs in the larger world of
transhumanist dynamics.
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