The Boskin Commission found that the CPI ______ the true inflation rate.
A)is independent of
B)understates
C)precisely measures
D)overstates

Name: The Boskin Commission found that the CPI ______ the true inflation rate. A)is independent of B)understates C)precisely measures D)overstates
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The Boskin Commission concluded that the Consumer Price Index (CPI) overstates the true inflation rate due to factors like substitution bias, quality improvements, and new product introductions.

The Boskin Commission Found That the CPI ______ the True