Answer:
to be a gauge from which to make important government policy changes.
Explanation:
Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.
Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.
Furthermore, when this persistent rise in the price of goods and services in an economy becomes rapid, excessive, unbearable and out of control over a period of time, it is generally referred to as hyperinflation.
Core Inflation Index can be defined as a measure of the change in the price (cost) of goods and services over a specific period of time but excluding the products or items from the energy and food sector. The energy products and food items are excluded because they're transitory i.e having temporary price volatility and as such making their prices change easily.
In Economics, some of the common ways to measure the rate of inflation in a country is through the consumer price index (CPI), gross domestic product deflator (GDP Deflator), personal consumption expenditures price index (PCEPI), employment cost index (ECI), producer price index (PPI), etc.
Hence, a purpose of the Core Inflation Index is to be a gauge from which to make important government policy changes that would have a significant effect or impact on the lives of the citizens of the country.
False.
It DECREASES. The midpoint of the demand curve will be unitary elastic, whereas above it, it will be elastic and below it, it will be inelastic.
Command-and-control regulation may be better than a corrective tax if C. The negative externality is so large that the optimal quantity is zero.
It should be noted that a corrective tax is important as it helps to achieve a socially optimal quantity. It is a market-based policy that is used by the government in order to address negative externalities.
In a situation where the corrective tax is zero, it won't be socially optimal. This is because the marginal social benefit will be more than the marginal private benefit. Therefore, for such a large negative externality, then a command and control regulation will be better.
Read related link on:
brainly.com/question/25330477
Explanation:
ezTalks Meetings. ...
Whiteboards and Interactive Whiteboard. ...
Flip Charts. ...
Paper Handouts. ...
Video. ...
Slides.