Examlex
Which of the following practices explicitly includes self-reinforcement?
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.
Base Year
A reference year against which economic growth, prices, or quantities are measured in index numbers or other economic data series.
Real Wages
Wages adjusted for inflation, reflecting the purchasing power of income and the true cost of living for workers.
Productivity
The efficiency of production of goods or services expressed as the ratio of output to inputs used, a key determinant of economic performance.
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