The Consumer Price Index Is ________

Multiple Choice

The Consumer Price Index is ________.

A) an annual price index published by the Bureau of Labor Statistics to measure the percent change in stock market indexes such as the DJIA
B) a Laspeyres index that allows consumers to determine the degree to which their purchasing power is being eroded by price increases
C) a monthly price index that measures the change in price of a fixed market basket of goods and services from one period to another
D) both a Laspeyres index that allows consumers to determine the degree to which their purchasing power is being eroded by price increases and a monthly price index that measures the change in price of a fixed market basket of goods and services from one period to another