The Commodity Substitution Bias Is Most Likely to Put ________

question 244

Multiple Choice

The commodity substitution bias is most likely to put ________ into the CPI and so ________ the inflation rate.

• A)a downward bias;understate
• B)an upward bias;understate
• C)an upward bias;overstate
• D)a downward bias;overstate
• E)a random bias;randomly overstate or understate

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