If the CPI Overstated Inflation by 1 Percent Per Year,then

question 125

Multiple Choice

If the CPI overstated inflation by 1 percent per year,then the average real wage,instead of dropping by 2 percent in the last two decades,actually increased by about

• A)1 percent
• B)2 percent
• C)10 percent
• D)20 percent
• E)3 percent

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