Changes in the Quality of a Good

question 133

Multiple Choice

Changes in the quality of a good

• A)do not present a problem in the construction of the consumer price index.
• B)present a problem in the construction of the consumer price index, and that problem is sometimes referred to as substitution bias.
• C)are not accounted for, as a matter of policy, by the Bureau of Labor Statistics.
• D)can lead to either an increase or a decrease in the value of a dollar.

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