The CPI (consumer price index) measures ________________ and ________________.
a) rising and falling prices of goods, but not services; provides a 10-year comparison
b) inflation; excludes apparel, health care, and education
c) inflation and deflation; includes energy and food as part of the market basket of goods and services that it measures
d) inflation and deflation; excludes energy and food as part of the market basket of goods and services that it measures
Answer: c