The low rate of inflation in the 1990s is probably due to Multiple Choice the fact that businesses have become meaner and leaner. the advent of E-commerce that increased competition and drove prices down. the flood of imported goods that increased competition with American- made goods. All of these are true. the rise of discount stores that minimize distribution costs, thereby holding prices down.

The low rate of inflation in the 1990s is probably due to Multiple Choice the fact that businesses have become meaner and leaner. the advent of E-commerce that increased competition and drove prices down. the flood of imported goods that increased competition with American- made goods. All of these are true. the rise of discount stores that minimize distribution costs, thereby holding prices down.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 15RQ: Why does the quality/new goods bias arise if we calculate the inflation rate based on a fixed basket...

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Why does the quality/new goods bias arise if we calculate the inflation rate based on a fixed basket of goods?
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