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Is the CPI Thought to Be an Accurate Measure of Changes

Question 118

Multiple Choice

Is the CPI thought to be an accurate measure of changes in the cost of living?


A) It overestimates changes in the cost of living in some years, but underestimates changes in the cost of living in others.
B) It does accurately measure changes in the cost of living without bias.
C) It underestimates changes in the cost of living.
D) It overestimates changes in the cost of living.

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