The rate of increase in prices of items purchased by a particular individual is called the
A)federal funds rate.
B)consumer confidence index.
C)personal inflation rate.
D)consumer price index.

Question

Quizplus · Accepted Answer

The personal inflation rate refers to the rate at which prices of items purchased by an individual are increasing. The federal funds rate refers to the interest rate at which banks lend to each other. The consumer confidence index measures how confident consumers are feeling about the economy. The consumer price index measures the average change in prices of goods and services over time for a group of consumers.

The Rate of Increase in Prices of Items Purchased by a Particular