In the 1970s and 1980s Wal-Mart Entered Several Markets Outside

question 134

Multiple Choice

In the 1970s and 1980s Wal-Mart entered several markets outside of its home base of Arkansas. As a result it brought lower prices on a variety of goods. That the Bureau of Labor Statistics did not send its shoppers into these new stores until there was a new survey led to the CPI

• A)overstating inflation because they were missing "when people shop".
• B)understating inflation because they were missing "when people shop".
• C)overstating inflation because they were missing "where people shop".
• D)understating inflation because they were missing "where people shop".

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