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How is inflation measured in macroeconomic terms?a)By the number of goods an individual can buy.b)Through the aggregate price level changes of a selected basket of goods and services.c)By comparing the prices of luxury goods only.d)Inflation is not measured; it is estimated based on expert opinions.Correct answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about How is inflation measured in macroeconomic terms?a)By the number of goods an individual can buy.b)Through the aggregate price level changes of a selected basket of goods and services.c)By comparing the prices of luxury goods only.d)Inflation is not measured; it is estimated based on expert opinions.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How is inflation measured in macroeconomic terms?a)By the number of goods an individual can buy.b)Through the aggregate price level changes of a selected basket of goods and services.c)By comparing the prices of luxury goods only.d)Inflation is not measured; it is estimated based on expert opinions.Correct answer is option 'B'. Can you explain this answer?.

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