a.
monitor changes in the cost of living over time.
b.
monitor changes in the level of wholesale prices in the economy.
c.
monitor changes in the the stock market.
d.
monitor changes in the level of real GDP over time.
1 answer
The correct answer is:
a. monitor changes in the cost of living over time.
The consumer price index (CPI) is a measure that examines the average change over time in the prices paid by consumers for a market basket of goods and services. It is commonly used to assess inflation and changes in the cost of living.
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