please help Question 34 Not yet a P Flag question Expected inflation is Select o

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please help

Question 34 Not yet a P Flag question Expected inflation is Select one a. based on inflation-adjusted averages year to year @ b, anticipating inflation over 2% from year to year c. the amount of inflation that households and businesses expect waill continue into the future. d. the opposite of disinflation. Question 35 Not yet answered Points ut of T F Flag question Of the categories of spending listed below, which is the smallest component of the market baskec? c. Food at home d. Apparel UNIT 5-Summary UNIT 4 -Summary O Type here to se

Explanation / Answer

34) People form their expectation about inflation from previous inflation rate. Expected inflation is based on what people from expectation by the business cycle. Option c is correct.

35) People's basic needs are food, clothing, shelter and also healthcare and education. Poor people spend very less amount on education. But all people have to spend on medical care when they are aged and sick, food at home and apparel for surviving. Option a is correct.

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