When Economists Speak of the CPI Bias,they Are Referring to

question 55

Multiple Choice

When economists speak of the CPI bias,they are referring to

• A)the tendency for the CPI to overstate price changes.
• B)the tendency for the CPI to understate price changes.
• C)the tendency for the CPI to understate inflation.
• D)errors in measuring the prices used in the CPI.
• E)the tendency for government officials to impose their values on the data.

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Definitions:

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