For a price index,it is preferable to select the base period in a period of economic stability.

Name: For a price index,it is preferable to select the base period in a period of economic stability.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Choosing a base period in a period of economic stability helps to minimize the effects of short-term fluctuations on the price index, resulting in a more accurate representation of long-term trends in prices.

For a Price Index,it Is Preferable to Select the Base