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Which of the following is correct? A. CPI measures the cost of living of a typical urban consumer household. B. Nominal variable=Price level X (Real
Which of the following is correct?
A. | CPI measures the cost of living of a typical urban consumer household. | |
B. | Nominal variable=Price level X (Real variable/100) | |
C. | Inflation is a sustained rise in the average level of prices. | |
D. | All of the above |
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