Changes in the Quality of a Good

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.