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Define Consumer price index
Question
Asked 10/28/2013 8:25:25 PM
Updated 12/22/2017 8:49:47 AM
1 Answer/Comment
Edited by yumdrea [12/22/2017 8:49:39 AM], Flagged by yumdrea [12/22/2017 8:49:44 AM]
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User: Define Consumer price index

Question
Asked 10/28/2013 8:25:25 PM
Updated 12/22/2017 8:49:47 AM
1 Answer/Comment
Edited by yumdrea [12/22/2017 8:49:39 AM], Flagged by yumdrea [12/22/2017 8:49:44 AM]
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The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care.

Added 12/22/2017 8:49:47 AM
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Questions asked by the same visitor
true or false. Poverty rate is the percentage of people who live in households with income below the official poverty line.
Question
Updated 2/27/2017 9:56:17 PM
1 Answer/Comment
Poverty rate is the percentage of people who live in households with income below the official poverty line. TRUE.
Added 2/27/2017 9:56:17 PM
This answer has been confirmed as correct and helpful.
The Quantity Theory states that inflation a. occurs when demand for goods and services exceeds existing supply. b. is caused by too much money in the economy. c. occurs when producers raise prices to meet increased costs. d. is a result of the rise in wages due to a rise in prices.
Question
Not Answered
Updated 7/30/2016 4:06:22 AM
1 Answer/Comment
The Quantity Theory states that inflation is caused by too much money in the economy.
Added 7/30/2016 4:06:22 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [7/30/2016 7:15:37 AM]
According to the demand-pull theory, what is responsible for inflation? a. Producers raise prices to meet existing demand. b. The economy is in a wage-price spiral. c. Too much money is in circulation. d. Demand for goods and services exceeds existing supply.
Question
Updated 9/25/2014 10:23:03 PM
1 Answer/Comment
According to the demand-pull theory, Demand for goods and services exceeds existing supply is responsible for inflation.

Added 9/25/2014 10:23:03 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/25/2014 10:34:37 PM]
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