The increase in quality bias in the consumer price index refers to the idea that price increases in the CPI reflect pure inflation, but ________ quality increases. This causes the CPI to ________ the cost of the market basket
A) not; overstate B) also; understate C) also; overstate D) not; understate
A
Economics
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Increase in business taxes will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
Economics
The risk of a well-diversified portfolio depends only on the ________ risk of the assets in the portfolio
A) systematic B) nonsystematic C) portfolio D) investment
Economics