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Tidy Tidy
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9 years ago
Which of the following would be a consequence of substitution bias in the CPI?
A) Social Security payments would not adequately compensate retired workers for inflation.
B) Businesses would over-compensate employees for inflation when giving the cost of living rises.
C) The inflation rate based on the CPI would under-estimate the true level of inflation.
D) Judges would award child support payments that would not adequately keep up with the true cost of inflation.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Chimelo46Chimelo46
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9 years ago
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9 years ago
It was nothing, thanks for updating us.
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