In the 1990s and 2000s Wal-Mart entered the grocery sector in several U.S. cities and as a result it brought lower prices on food. That the Bureau of Labor Statistics did not send its shoppers into these new stores in a timely fashion led to the CPI
A) overstating inflation because they were missing "when people shop".
B) understating inflation because they were missing "when people shop".
C) overstating inflation because they were missing "where people shop".
D) understating inflation because they were missing "where people shop".
Correct Answer:
Verified
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