The CPI overstates inflation because the average consumer buys
A) less of those goods whose relative price has risen.
B) more of those goods whose relative price has risen.
C) lower quality goods if they have a choice.
D) the same basket of goods every week.
E) a generally random assortment of goods and services each week because what is purchased depends on what the consumer needs.
A
Economics
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Over the past several decades, the United States has devoted a greater fraction of its resources to consumption than Hong Kong, which is why the U.S. economy grew faster than Hong Kong's economy
Indicate whether the statement is true or false
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