The magnitude of the annual overstatement of the CPI is approximately
A. one percentage point.
B. one-tenth of one percentage point.
C. one-half of one percentage point.
D. five percentage points.
Answer: A
Economics
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The Classical view of the economy is characterized by:
a) A laissez-faire approach. b) The belief that demand creates its own supply. c) Overt fiscal policy. d) The inherent instability of the economy.
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