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If the CPI Overstated Inflation by 1 Percent Per Year,then

Question 204

Multiple Choice

If the CPI overstated inflation by 1 percent per year,then the average real wage,instead of dropping by 2 percent in the last two decades,actually increased by about


A) 1 percent
B) 2 percent
C) 10 percent
D) 20 percent
E) 3 percent

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