Economists agree that the CPI
A) is a near perfect measure of the cost of living.
B) has no relation to the cost of living.
C) is a possibly biased measure of the cost of living.
D) almost always shows the cost of living rising less rapidly than is the case in reality.
E) overstates inflation by about 4.1 percentage points a year.
Correct Answer:
Verified
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A)the prices of
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A)takes into
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