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The Fed (and many other central banks) prefers to gauge inflation by looking at the core measure of inflation because a. This measure is biased

The Fed (and many other central banks) prefers to gauge inflation by looking at the core measure of inflation because

a. This measure is biased downward

b. It is required to by statute

c. By removing volatile food and energy prices, the core measure better reflects underlying inflation

d. None of the above

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