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Consumer Price Index
The Consumer Price Index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households.
Bundle
A group of products or services sold together as a single package, often offered at a discounted price compared to purchasing each item individually.
Base Year
The base year is a specific year against which economic or financial indices are measured, allowing for comparison across different periods by setting a standard reference point.
Frictional Unemployment
Unemployment that occurs when people are between jobs or are entering the workforce for the first time, typically a short-term condition.
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