The Consumer Price Index Is a Cost-Of-Goods Measure, Not a True

question 253

True/False

The consumer price index is a cost-of-goods measure, not a true cost-of-living measure.

---

Definitions:

Agency Independence

The degree of autonomy and freedom from external control and influence that an administrative agency has, allowing it to operate without political pressure.

Separation of Power

A constitutional principle that divides the responsibilities of government among distinct branches to prevent the concentration of power and ensure checks and balances.

Legislative Branch

One of the three branches of the U.S. government, responsible for making and enacting laws, consisting of the Senate and the House of Representatives.

Enabling Legislation

The statute by which a legislative body creates an administrative agency.