When economists speak of the CPI bias, they are referring to O A. the tendency for the CPI to understate price changes. O B. the tendency for government officials to impose their values on the data. C. the tendency for the CPI to understate inflation. O D. the tendency for the CPI to overstate price changes. O E. errors in measuring the prices used in the CPI.
When economists speak of the CPI bias, they are referring to O A. the tendency for the CPI to understate price changes. O B. the tendency for government officials to impose their values on the data. C. the tendency for the CPI to understate inflation. O D. the tendency for the CPI to overstate price changes. O E. errors in measuring the prices used in the CPI.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: Measuring The Cost Of Living
Section: Chapter Questions
Problem 4QR
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