Question 1 The Consumer Price Index (CPI) is designed to reflect Oonly prices faced by consumers in their purchases with discretionary income O only prices faced by consumers for essential goods and services O only prices faced by consumers for personal entertainment O all prices faced by consumers Question 2 The Personal Consumption Expenditures Price Index (PCEPI) is design to reflect Oonly prices faced by consumers in their purchases with discretionary income Oonly prices faced by consumers for essential goods and services O only prices faced by consumers for personal entertainment O all prices faced by consumers

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
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Question 1
The Consumer Price Index (CPI) is designed to reflect
O only prices faced by consumers in their purchases with discretionary income
O only prices faced by consumers for essential goods and services
O only prices faced by consumers for personal entertainment
O all prices faced by consumers
Question 2
The Personal Consumption Expenditures Price Index (PCEPI) is design to reflect
Oonly prices faced by consumers in their purchases with discretionary income
Oonly prices faced by consumers for essential goods and services
Oonly prices faced by consumers for personal entertainment.
all prices faced by consumers
TI
Att
9
Transcribed Image Text:Question 1 The Consumer Price Index (CPI) is designed to reflect O only prices faced by consumers in their purchases with discretionary income O only prices faced by consumers for essential goods and services O only prices faced by consumers for personal entertainment O all prices faced by consumers Question 2 The Personal Consumption Expenditures Price Index (PCEPI) is design to reflect Oonly prices faced by consumers in their purchases with discretionary income Oonly prices faced by consumers for essential goods and services Oonly prices faced by consumers for personal entertainment. all prices faced by consumers TI Att 9
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