An Advantage of the Personal Consumption Expenditures Price Index (PCE)over

question 258

Multiple Choice

An advantage of the personal consumption expenditures price index (PCE) over the Consumer Price Index (CPI) as a measure of inflation is that the PCE

• A)is a more narrow,focused measure of inflation.
• B)is a chain-type price index that allows the mix of products to change each year.
• C)includes the prices of industrial equipment.
• D)includes the prices of goods,but not services.

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