The chained consumer price index (CPI) tends to be
A) a better measure of prices than the traditional CPI,no matter what the circumstances.
B) a better measure of prices than the traditional CPI,but only if inflation is relatively high.
C) a better measure of prices than the traditional CPI,but only if inflation is relatively low.
D) equally as good as the traditional CPI,under all conditions.
E) a poor measure of prices but better than the gross domestic product (GDP) deflator.
Correct Answer:
Verified
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