Which of the following means that the CPI overstates the actual inflation rate?
A) new goods bias
B) quality change bias
C) outlet substitution bias
D) All of the above cause the CPI to overstate inflation.
D
Economics
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In the electric power industry, residential customers have relatively ____ demand for electricity compared with large industrial users. But contrary to price discrimination, large industrial users generally are charged ____ rates
a. similar, similar b. elastic, lower c. elastic, higher d. inelastic, lower e. inelastic, higher
Economics
In 1990, which two countries saw inflation rates over 2,000%?
a. Brazil and Argentina b. Cuba and China c. the United States and Great Britain d. Argentina and Chile
Economics