3. Graph the annual (December to December) CPI inflation rate and the annual (fourth quarter to fourth

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3. Graph the annual (December to December) CPI inflation rate and the annual (fourth quarter to fourth quarter) GOP deflator inflation rate since 1960 on the same figure. What are the conceptual differences between these two measures of infla tion? Judging from your graph, would you say that the two measures give similar or different estimates of the rate of inflation in the economy?

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Macroeconomics

ISBN: 126148

6th Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore

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