The construction of a price index is complicated by several factors, including changes in the quality of goods and services over time, the introduction of new products, and the disappearance of old, outmoded products.
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Q20: Many economists believe that skill-biased technical change
Q21: The CPI measures the average level of
Q22: Which piece of legislation committed the government
Q24: The economy reaches full employment when the
Q25: Economists believe that the Consumer Price Index
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Q27: The unemployment rate is defined as:
A)unemployed workers
Q28: The unemployment rate measures:
A)unemployed workers as a
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