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Statement I: the CPI Goes Up Every Year;it Can Never

Question 152

Multiple Choice

Statement I: The CPI goes up every year;it can never go down.
Statement II: In constructing the Consumer Price Index,the Bureau of Labor Statistics compiles a market basket of hundreds of goods and services that the typical urban family buys in the base year.


A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

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