Match the following with the correct definition:
1.
Price Index
2.
Inflation
3.
Monetary Policy
4.
Consumer Price Index (CPI)

a.
a measure of the average price of consumer goods or services

b.
a wide-ranging rise in the price of goods and services over a period of time

c.
the process by which the government controls the money supply and the cost of money to meet economic objectives

d.
a numerical representation that is given for a set of goods in a given region, during a given time period