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Question

2. The Bureau of Labor Statistics measures inflation by using what is called

a. Consumer Purchasing Program (CPP).

b. Consumer Price Index (CPI).

c. Fixed Income Index (FIl).

d. None of the above.

Answer

b. Consumer Price Index (CPI).

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The Bureau of Labor Statistics measures inflation by using the Consumer Price Index (CPI). The CPI is a measure of the average change over time in the...