Suppose higher prices lead consumers to switch from shopping at Abercrombie & Fitch to shopping at Wal-Mart.If the CPI does not reflect this change,it is referred to as
A) a new goods bias.
B) a quality change bias.
C) an outlet substitution bias.
D) a new price bias.
E) store bias.
Correct Answer:
Verified
Q118: The presence of new goods that are
Q119: The commodity substitution bias is most likely
Q120: In constructing the CPI,the BLS has to
Q121: Mark has a two-year wage contract with
Q122: If a private wage contract is agreed
Q124: Because a third of government outlays are
Q125: The outlet substitution bias is most likely
Q126: If the price of rocket fuel imported
Q127: If the GDP price index is 137,this
Q128: For the purpose of measuring the cost
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