Which of the Following Is True About the Consumer Price

question 92

Multiple Choice

Which of the following is true about the consumer price index?

• A)It accounts for people switching to goods whose prices have fallen.
• B)It assumes that consumers purchase the same amount of each product in the market basket each month.
• C)It frequently updates the price changes of new products added to the market basket,as these have a tendency to fall.
• D)It filters out the part of price increases that occurs because of quality improvements in products.

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Definitions:

Organizational Structure

The system that outlines how activities are directed in order to achieve the goals of an organization, including the roles, responsibilities, and hierarchy.

Legitimacy

The general perception or acceptance that an action, entity, or regime is appropriate and justified.

Negotiators

Individuals who engage in negotiation, working to reach an agreement or resolve a dispute.

Strategies

Strategies are comprehensive plans or sets of actions designed to achieve specific goals or outcomes.