Which of the Following Statements Is True About the Consumer

question 44

Multiple Choice

Which of the following statements is true about the Consumer Price Index (CPI) ?

• A) The CPI helps organizations in the product markets decide an upper limit on the pay it will offer.
• B) Following and studying changes in the CPI helps employers prepare for changes in the demands of the labor market.
• C) The CPI helps organizations lure top-quality employees.
• D) The CPI helps control labor market's demand for pay increases.
• E) The CPI helps organizations to compete with companies in other industries that hire similar employees.

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