Consumer price index is a.a weighted aggregate price index, Ask an Expert

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Consumer Price Index is:

a. a weighted aggregate price index where the weight for each item is its current-period quantity.

b. a weighted aggregate price index where the weight for each item is its last-period quantity.

c. an index that is designed to measure changes in quantities over time.

d. an index that is designed to measure changes in production levels over time.

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