An average of the prices of the goods and services purchased by a typical family is the:
A. producer price index (PPI).
B. inflation rate index.
C. consumer price index (CPI).
D. aggregate price level index.
Answer: C. consumer price index (CPI).
An average of the prices of the goods and services purchased by a typical family is the:
A. producer price index (PPI).
B. inflation rate index.
C. consumer price index (CPI).
D. aggregate price level index.
Answer: C. consumer price index (CPI).