Examlex
Utility reaction measures demonstrate some relationship to higher-level outcomes.
Bureau of Labor Statistics
A U.S. government agency responsible for collecting and analyzing economic data related to labor market activity, working conditions, and price changes in the economy.
Market Basket
A selected collection of goods and services used to track price changes for the purpose of measuring inflation.
Consumer Price Index
An index measuring the change in the price of a weighted average market basket of consumer goods and services purchased by households.
Typical Urban Family
A typical urban family refers to an average or standard family living in an urban area, often used in studies to assess living conditions, expenses, and economic impacts in city environments.
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