What Do Economists Believe About the Bias in the CPI

Multiple Choice

What do economists believe about the bias in the CPI as a measure of the cost of living?

A) Economists agree that the bias in the CPI is a very serious problem.
B) There is still debate among economists on whether CPI understates or overstates increases in the cost of living.
C) Economists agree on the severity of the CPI bias, but there is still debate on what to do about it.
D) There is still debate among economists on the severity of the CPI bias and what to do about it.