The outlet substitution bias is most likely to put-------------and so-------------the inflation rate.
A) a downward bias into the CPI; understate
B) a downward bias into the CPI; overstate
C) an upward bias into the CPI; understate
D) no bias into the CPI because it is such a small effect; have no effect on
E) an upward bias into the CPI; overstate
Correct Answer:
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