All of the Following Can Create a Bias in the CPI

question 121

Multiple Choice

All of the following can create a bias in the CPI EXCEPT the

• A)new goods bias.
• B)outlet substitution bias.
• C)commodity substitution bias.
• D)GDP price index bias.
• E)quality change bias.

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Definitions:

Normative Social Influence

The influence of others that leads us to conform in order to be liked and accepted by them.

Dress Code

A set of rules or guidelines specifying the expected manner of dress within a particular context, such as workplaces or schools.

Chameleon Effect

The unconscious mimicry of the postures, mannerisms, facial expressions, and other behaviors of one's interaction partners, as a form of social glue.

Social Facilitation

The enhancement of performance when in the presence of others, due to increased arousal and motivation.