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The average price level is measured by

A. any real variable

B. the rate of inflation.

C. the level of the money supply

D. the CPI or the GDP deflator.Ā 

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Divya Singh
Divya SinghLv10
22 Dec 2020

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Related questions

The variables on the vertical and horizontal axes of the aggregate demand and supply graph are:

a. the price level (CPI), real GDP.

b. real GDP, employment.

c. employment, inflation rate.

d. the money supply (M1), price level (CPI)

The aggregate demand and aggregate supply graph have:

a. the price level on the horizontal axis. The price level can be measured by the GDP deflator.

b. the price level on the horizontal axis. The price level can be measured by real GDP.

c. the price level on the vertical axis. The price level can be measured by the GDP deflator.

d. the price level on the vertical axis. The price level can be measured by GDP.

Ā 

Inflation and price indices (like the CPI and GDP deflator) are major topics of our course. If inflation, as measured by the CPI, declined, then the CPI would be sure to decline as well.

Is this statement true or false?

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