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Stones McGee Stones McGee
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5 years ago
The CPI overstates inflation because the average consumer buys
A) the same basket of goods every week.
B) more of those goods whose relative price has risen.
C) less of those goods whose relative price has risen.
D) lower quality goods if they have a choice.
E) a generally random assortment of goods and services each week because what is purchased depends on what the consumer needs.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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slimkatslimkat
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5 years ago
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Stones M. Author
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#2
5 years ago
Thank you for helping me with my quiz
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#3
5 years ago
Perfect
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