The BLS Has Recently Made Explicit Adjustments in Its CPI

question 181

Multiple Choice

The BLS has recently made explicit adjustments in its CPI calculations to control for

• A)issues relating to the frequency of market basket updates.
• B)food safety quality issues.
• C)substitution between goods.
• D)purchase location adjustments.

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Definitions:

Recall

The ability to retrieve and access information or memories from the past.

Tangible Results

Outcomes or benefits of an action or process that can be seen, touched, or measured physically.

Factual Communication

The exchange of information that is based strictly on objective facts and evidence, without the influence of personal feelings or opinions.

Central Route

A pathway of persuasion described in the Elaboration Likelihood Model that involves thoughtful consideration of the arguments presented.