Which of the following statements is true?

Question 34 (1 point)

Which of the following statements is true?

a	Because prices of food (like oranges) and energy products (like gasoline) are subject to wide swings that can be temporary in nature (these prices are very volatile), the Bureau of Labor Statistics (BLS) also reports the core CPI, which is the CPI less food and energy.
b	Real income is the number of dollars received as wages, rent, interest, or profit. Nominal income is not adjusted for inflation.
c	Nominal income is the purchasing power of your income (how many goods and services can actually be purchased with your income). Real income is the nominal income adjusted for inflation.
d	All of the above.
e	Only a) and b)

Question 35 (1 point)

Which of the following statements is true?

a	Anticipated inflation is much less harmful than unanticipated inflation. If inflation can be anticipated, people can plan their spending accordingly and reduce the negative effects of inflation in their activities.
b	Real income can fall even when there is an increase in nominal income if the inflation rate is higher than the percentual increase in nominal income.
c	Unanticipated inflation can cause a redistribution of real incomes and wealth.
d	All of the above.
e	Only a) and b)

Question 36 (1 point)

Which of the following statements is true?

a	If inflation is anticipated, the effects of inflation may be less severe, since wage and pension contracts may have inflation clauses (cost-of-living adjustments, COLAs) built in, and interest rates will be high enough to cover the cost of inflation to savers and lenders.
b	Social security payments are indexed to the CPI. Social security has more than 60 million beneficiaries.
c	In the US, more than 50 million workers have their salaries indexed to some price index.
d	All of the above.
e	Only a) and b)