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The CPI is a price index that can be defined as: a. a guide to consumer spending. C. an indicator of what firms ought to produce b. a statistical series that can be used to measure consumer prices of a
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The CPI is a price index that can be defined as:

a. a guide to consumer spending.

C. an indicator of what firms ought to
produce

b. a statistical series that can be used to measure consumer prices of a market basket of goods
over time.

d. none of the above.

User KFichter
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5.2k points

1 Answer

5 votes

Answer: b. a statistical series that can be used to measure consumer prices of a market basket of goods

over time.

Step-by-step explanation:

User Nilesh Wani
by
4.3k points
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