The CPI measures the average prices paid by __________ for _________. A. urban consumers; a fixed basket

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The CPI measures the average prices paid by __________ for _________.

A. urban consumers; a fixed basket of consumption goods and services

B. urban consumers; the average basket of goods and services they buy

C. all consumers; housing, transportation, and food

D. everyone who earns an income; the necessities of life

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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