The Chained Consumer Price Index

Multiple Choice

The chained consumer price index

A) assumes that households purchase the same bundle of goods and services over a lengthy time period.
B) adjusts the quantities of the typical bundle purchased each month to reflect the substitution away from goods that have become more expensive.
C) reflects changes in the prices of all final goods and services produced domestically by the citizens of a nation during a period.
D) will generally result in a higher measured rate of inflation than the regular consumer price index.