Multiple Choice
The technique used to calculate the CPI implicitly assumes that consumers buy
A) relatively more of goods with relative prices that are increasing.
B) relatively less of goods with relative prices that are decreasing.
C) the same relative quantities of goods as in a base year.
D) goods and services whose quality improves at the rate of growth of real GDP.
E) more computers and CD players and fewer black-and-white TVs.
Correct Answer:

Verified
Correct Answer:
Verified
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