A market basket used to measure the aggregate price level is a group of stocks that the wealthiest investors own.

Question

Quizplus · Accepted Answer

A market basket used to measure the aggregate price level is a group of goods and services that are commonly consumed by households, not a group of stocks owned by wealthy investors. Examples could include food, clothing, housing, and transportation. The prices of these goods and services are used to calculate measures such as the Consumer Price Index (CPI) or the Producer Price Index (PPI) to track inflation and price changes over time.

A Market Basket Used to Measure the Aggregate Price Level