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Economists from the Bank of Canada Estimated That the CPI

Question 81

Multiple Choice

Economists from the Bank of Canada estimated that the CPI _____ inflation by approximately _____ percentage point(s) per year.


A) overestimates; one-half of one percentage point to one
B) overestimates; one to two
C) underestimates; one-half of one percentage point to one
D) underestimates; one to two

Correct Answer:

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