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Table Pee 1 Selected Statistics on Merchandise Foreign Trade of the U S
Average Annual Percentage Change in the CPI and its Major Components
Summary Statistics for Annual Percentage Changes in Food Prices
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2SLS aggregate demand aggregate supply agricultural commodity shock annual percent change assumed basic buffer stock calculated cash receipts cn cn coefficients consumer price index costs decrease defined demand function derived demand dollars dynamic multipliers economy effect elasticities endogenous variables equal equilibrium estimated example exogenous expected expected values farm prices farm-gate farm-price fats and oils feed-grains food price inflation food-grains fruits and vegetables grain and bakery Heien impact important increase inflation rate inflationary input instability labor market clearing markets meat metric tons millions of metric non-accommodating non-farm non-food oil-crops oilseeds output percentage period personal consumption expenditures Phillips curve poultry and egg PPPP predicted price equations price index price inflation rates price transmission principal components rate of inflation relative price retail food prices retail prices rH rH sector short-run slope sub-model supply shock unemployment wage-price