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goji.go goji.go
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11 years ago
What does the consumer price index (CPI) tell us about the purchasing power of the dollar? How does it function as an economic indicator?
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Diesel
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11 years ago
During periods of increasing prices as reflected by the CPI, the purchasing power of the dollar decreases, meaning that less can be bought with a dollar today than yesterday. This functions as an economic indicator by showing that inflation is on the rise and that businesses should prepare for increases in the cost of labor and production.
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goji.go Authorgoji.go
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11 years ago
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