AGGREGATE Definition

AGGREGATE is the sum or total.

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CONSUMER PRICE INDEX (CPI) is the measure of change in consumer prices as determined by a monthly survey by the U.S. Bureau of Labor Statistics. Among the CPI components are the costs of food, housing, transportation, and electricity (i.e., the average cost of a "basket" of goods and services). Also known as the cost-of-living index.

M1 is the narrowest measure of the U.S. money supply; includes currency in circulation plus demand deposits (checking account balances).

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