Which of These Events Would Cause the Consumer Price Index

question 57

Multiple Choice

Which of these events would cause the consumer price index to overstate the increase in the cost of living?

• A)Car makers benefit from a new technology that allows them to sell higher-quality cars to consumers with no increase in price.
• B)Energy prices decrease,and consumers respond by buying more gas and electricity.
• C)A new good is introduced that renders cellular telephones inferior and obsolete.
• D)All of the above are correct.

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Definitions:

Right Ventricle

The right ventricle is one of the four chambers of the heart, responsible for pumping deoxygenated blood to the lungs.

Left Ventricle

The chamber of the heart that pumps oxygenated blood out through the aorta to circulate throughout the body.

Interventricular Septum

The thick wall separating the lower chambers (ventricles) of the heart, preventing oxygen-rich and oxygen-poor blood from mixing.

Chordae Tendineae

Heart strings, or tendinous cords, that connect the papillary muscles to the tricuspid valve and the mitral valve in the heart, preventing inversion.