The Problems with Using the Consumer Price Index as a Measure

Multiple Choice

The problems with using the consumer price index as a measure of the cost of living are important because

A) even the appearance of high rates of inflation cause voters to become disenchanted.
B) politicians have manipulated the measurement problems to their advantage.
C) many government programs use the CPI to adjust for changes in the overall level of prices.
D) if the price level is overstated,consumers will be taken advantage of by sellers of consumer goods.