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The Method Used to Calculate the CPI Assumes That Consumers

Question 61

Multiple Choice

The method used to calculate the CPI assumes that consumers buy


A) relatively more goods with increasing relative prices.
B) goods at discount stores when prices rise.
C) relatively more goods with decreasing relative prices.
D) more computers and fewer black- and- white TVs than in the base year.
E) the same quantities of goods as in the base year.

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