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hannahk17 hannahk17
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5 years ago
The presence of new goods that are of higher quality than the old goods leads the BLS to
A) update the market basket every time a new good is available.
B) do nothing because at least some people still buy the old goods.
C) try to separate price differences from improvements in quality.
D) actually understate the cost of living when calculating the CPI.
E) immediately update the reference base period used in calculating the CPI.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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dearsophia21dearsophia21
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5 years ago
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hannahk17 Author
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#2
5 years ago
Enough said, this helped my grade so much
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#3
5 years ago
Perfect
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