Examlex
Identify the letter of the choice that best matches the phrase or definition.
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Inflation Rate
A measure reflecting how much prices of goods and services have increased in a given period, reducing the purchasing power of money.
Market Basket
A set combination of goods and services used as a consistent measure to track the cost of living and inflation through price changes over time.
Basket of Goods
A selected group of products whose prices are tracked over time for the purpose of measuring inflation.
Base Period
A specific time period used as a benchmark for comparing economic data over time.
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