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Consumer Prices Index
Two economic indices learnt at AS are the Consumer Prices Index (CPI) and the Retail Prices Index (RPI). Both are used to calculate the average price level for goods and services that people buy. A main purpose of most economic indices is to delete the distorting effect of inflation from the data being calculated.
Explain the adjustment to the new equilibrium price from an increase in demand.
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does central bank determine money supply in the economy
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