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(c) (5 points) Which inflation rate measure (PCE inflation or core PCE inflation) do you think is closer to the price level change perceived by

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(c) (5 points) Which inflation rate measure (PCE inflation or core PCE inflation) do you think is closer to the price level change perceived by households? Briefly explain. (d) (5 points) Can you think of any reasons why core inflation excluding energy and food is a useful measurement of overall price level

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