Please see below. These are true or false questions. Need help with all of these please and thank you.

T/F Questions.

1. The price level is measured by using a basket of goods and services and calculating how the nominal cost of buying that basket of goods will change over time.

2. The base year values of all price indices is always equal to 1.

3. The rate of inflation is measured as the percentage change between price levels or the values of a price index over time.

4. As the general price level changes, substitution bias in price indices results in underestimation of the change in the cost of living.

5. A core inflation index is typically calculated by taking the CPI and excluding volatile economic variables.

9. Inflation can help nullify problems created by sticky nominal wages, because with inflation real wages can fall even if nominal wages are constant.