Examlex
Which of the following is a desirable characteristic of culture-fair tests?
CPI
The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.
Inflation Rate
The velocity at which the broad price level of goods and services climbs, reducing purchasing capability.
Aggregate Demand
The total demand for all goods and services within a particular economy at a given overall price level and in a given period.
Aggregate Supply
The total output of goods and services that producers in an economy are willing and able to supply at a given overall price level in a specified time period.
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