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As a Result of the Changing Variety and Quality of Goods

Question 9

Multiple Choice

As a result of the changing variety and quality of goods that the typical consumer purchases each year,many economists argue that the CPI might:


A) have to be abandoned in favor of a better measure of inflation.
B) not be as good a measure of inflation as the GDP deflator is.
C) understate inflation.
D) overstate inflation.

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