When the price of broccoli increase relative to cauliflower, people who buy fresh vegetables Respond by buying more cauliflower and fewer broccoli. As a result, the CPI has a
A) new price bias.
B) outlet substitution bias.
C) quality change bias.
D) new goods bias.
E) commodity substitution bias.
Correct Answer:
Verified
Q57: The outlet substitution bias is most likely
Q58: If a country had a CPI of
Q59: Because a third of government outlays are
Q60: If the price of a soda was
Q61: A change in the real wage rate
Q63: The fact the consumers substitute one good
Q64: The reference base period that the BLS
Q65: The real interest rate is equal to
Q66: The CPI stands for
A)Consumer Price Index.
B)Consumer Paying
Q67: If in Switzerland in January, 2009 the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents