The standard way of measuring ________ is the change in a major price index.

Question

Quizplus · Accepted Answer

Inflation is measured by the change in a major price index, such as the Consumer Price Index (CPI) or the Producer Price Index (PPI). This index tracks the average price of a basket of goods and services and is used to monitor and control inflation levels in the economy. Consumer behavior, credit, and investor preferences are not measured in the same way and are not directly related to inflation.

The Standard Way of Measuring ________ Is the Change in a Major