A Reason Given Why the CPI Overstates the Cost of Living

question 21

Multiple Choice

A reason given why the CPI overstates the cost of living is it

• A)only measures the effects of inflation on the poor.
• B)makes no attempt to ascertain what average people buy.
• C)makes no attempt to update the market basket.
• D)makes no attempt to control for quality improvements except in consumer goods

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Definitions:

Unwanted Response

A reaction, often in the context of behavior or psychology, that is not desired or intended, sometimes resulting from external stimuli or internal conflicts.

Stimulus Generalization

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus that was originally used to condition the response.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Primary Reinforcer

A stimulus that is naturally rewarding and satisfies a basic biological need, such as food or water.