1. Since 2010, in the US the 1-year real rate of interest has been on average _______.

A. nearly zero

B. negative

C. positive

D. none of these alternatives

2. Place the following measures of US inflation in their typical descending order (highest to lowest).

I. Personal Consumption Expenditure (PCE)

II. Core Personal Consumption Expenditure

III. Consumer Price Index (CPI)

A. III, I, II

B. I, II, III

C. II, III, I

D. II, I, III