The "New Product Bias" in the Consumer Price Index Refers

question 2

Multiple Choice

The "new product bias" in the consumer price index refers to the idea that

• A)consumers switch to new goods when the prices of old goods increase,and the CPI overestimates the cost to consumers.
• B)consumers switch to old goods when the prices of new goods increase,and the CPI underestimates the cost to consumers.
• C)consumers prefer new goods,even if they are worse in quality than old goods,and this causes the CPI to underestimate the cost to consumers.
• D)new products' prices often decrease after their initial introduction,and the CPI is adjusted infrequently and overestimates the cost to consumers.

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Definitions:

Overregularization

A language development error where children apply grammar rules too widely, leading to incorrect verb forms or tenses.

Sensitive Period

A specific time window in development when the brain is particularly receptive to learning certain skills or knowledge.

Grammatical Rules

Guidelines in a language that dictate how words are combined to form correct sentences, encompassing syntax, morphology, and sentence structure.

Code-Focused Teaching

Educational practices that emphasize the understanding and use of the symbols and rules underlying language and mathematics.