The CPI and GDP deflator usually tell two different stories about how quickly prices are rising.
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Q25: Substitution bias causes the CPI to understate
Q26: If the quality of a good deteriorates
Q27: Substitution bias occurs because the CPI ignores
Q28: When a new good is introduced, consumers
Q29: Data from the Bureau of Labor Statistics
Q31: Many economists believe the bias in the
Q32: The Bureau of Labor Statistics does not
Q33: When the price of nuclear missiles rises,
Q34: There is no longer much debate among
Q35: The goal of the consumer price index
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