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The Consumer Price Index Is Used to Set Payments from the U.S

Question 277

Multiple Choice

The consumer price index is used to set payments from the U.S. government to individuals. To the extent it is biased upward, this index:


A) leads to lower benefits.
B) raises government expenditures.
C) lowers government expenditures.
D) leads to lower benefits and raises government expenditures.

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