The Consumer Price Index (CPI)measures

question 31

Multiple Choice

The Consumer Price Index (CPI) measures

• A)the average of the costs paid by businesses to produce a fixed market basket of consumer goods and services.
• B)the prices of those consumer goods and services that increased in price.
• C)the average of the prices paid by urban consumers for a fixed market basket of goods and services.
• D)the prices of a few consumer goods and services.
• E)consumer confidence in the economy.

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