18-Which prices are not included when using core inflation? 19-Name any one country that has recently experienced
Question:
18-Which prices are not included when using core inflation?
19-Name any one country that has recently experienced hyperinflation and briefly explain why you selected that country.
20-What is the main principle of Say's Law?
21-According to Classical Economists, briefly explain why long term unemployment is impossible.
22-According to Classical Economists, if the economy is experiencing a recessionary gap where the economy is too small to create full employment, what adjustments would take place in the market to bring the economy to full employment?
23-According to Classical Economists, if the country is experiencing a recessionary or inflationary gap, what role should the government take to solve these economic problems?
24-According to Classical Economists, which part of the marketplace is the key, the focus and the source of the solutions to solving economic problems?
25-What is the annual inflation rate for the 12 months ending in January 2021?