When We Compare the Records of the CPI and the PCE

question 58

Multiple Choice

When we compare the records of the CPI and the PCE price index over time,the

• A)two are very different in magnitude.
• B)PCE price index tends to exceed the CPI.
• C)CPI tends to exceed the PCE price index.
• D)two measures are identical.
• E)CPI tends to exceed the PCE price index when inflation is high,and the PCE price index tends to exceed the CPI when inflation is low.

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Definitions:

Levels

In the context of experimental design, refers to the different values that an experimental factor can take.

Randomized Block Design

An experimental design that groups subjects into blocks to account for variability among them and then randomly assigns treatments within those blocks.

ANOVA Table

A table used in analysis of variance that summarizes the sources of variability in the data, including within-group and between-group differences.

Observations

Single observations or metrics gathered throughout a research project or experimentation process.