Recall the Application About the Time Involved in Including Cell

question 90

Multiple Choice

Recall the Application about the time involved in including cell phones in the calculation of the CPI to answer the following question(s) .
-According to this Application, the failure of including cell phones in a timely manner when calculating the CPI caused the telecommunications component of the price index

• A) to be biased downward.
• B) to be biased upward.
• C) to actually register no perceptible bias.
• D) to become negative.

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