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The Market Basket Approach

Question 8

Multiple Choice

The market basket approach:


A) gives us a single number that represents how changing prices affect the typical consumer.
B) gives us a list of what the typical consumer buys and the average price change of those goods.
C) tells us how the prices of all goods and services in an economy change over time.
D) tells us exactly how people change what they buy from year to year.

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