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To Reduce the Bias in the Consumer Price Index,the Bureau

Question 91

Multiple Choice

To reduce the bias in the consumer price index,the Bureau of Labor Statistics


A) updates the market basket every two years,rather than every 10 years.
B) updates the market basket every 10 years,rather than every two years.
C) incorporates substitutions by consumers when prices of specific products rise rapidly.
D) incorporates substitutions by consumers when prices of specific products fall rapidly.

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