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Which of the Following Is False

Question 49

Multiple Choice

Which of the following is false?


A) A price index measures the growth of the average price level over time.
B) The producer price index (PPI) measures changes in the costs of goods and services purchased by the typical producer.
C) The inflation rate is the rate of change (growth rate) of the average level of prices paid.
D) The consumer price index (CPI) measures changes in the cost of every item that every consumer purchases.

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