When the Quality of a Good Deteriorates,the Purchasing Power of the Dollar

question 257

Multiple Choice

When the quality of a good deteriorates,the purchasing power of the dollar

• A)increases,so the CPI overstates the change in the cost of living if the quality change is not accounted for.
• B)increases,so the CPI understates the change in the cost of living if the quality change is not accounted for.
• C)decreases,so the CPI overstates the change in the cost of living if the quality change is not accounted for.
• D)decreases,so the CPI understates the change in the cost of living if the quality change is not accounted for.

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Definitions:

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Human Resource Management System; an intersection of human resources and information technology through HR software, enabling better data management and HR processes.