Related to the Economics in Practice on p. 645: Surveys by the bank of England suggest that two important factors in influencing ________ are gas prices and media attention to price increases.
A) the income velocity of money
B) the stock of money
C) interest rates
D) consumer perceptions of inflation

Question

Quizplus · Accepted Answer

The surveys by the Bank of England suggest that gas prices and media attention to price increases influence consumer perceptions of inflation, which is important in understanding and predicting consumer behavior related to spending and saving. The other options (A, B, C) are not directly related to the factors mentioned in the question.

Related to the Economics in Practice on P