Most Economists Believe That Biases Cause Changes in the CPI

question 24

Multiple Choice

Most economists believe that biases cause changes in the CPI to overstate the inflation rate by ________ percentage points.

• A)0.1 to 0.2
• B)0.2 to 2.0
• C)0.4
• D)0.5 to 1.0
• E)1.0 to 3.0

---

Definitions:

Research Participants

Individuals who take part in research studies, providing data through their responses, behaviors, or biological samples.

Experiment

An investigative process used to explore new phenomena, verify conjectures, or showcase factual information.

Correlational Studies

Correlational studies are a type of research approach that investigates the relationship between two or more variables to determine if a statistically significant association exists.

Third Variable Problem

A term in research indicating that the association between two variables might be influenced by an unmeasured third variable.