Advanced Placement (AP), 14.06.2021 20:50 russboys3
Changes in the quality of a good
a. do not present a problem in the construction of the consumer price index.
b. are not accounted for, as a matter of policy, by the Bureau of Labor Statistics.
c. can lead to either an increase or a decrease in the value of a dollar.
d. present a problem in the construction of the consumer price index, and that problem is sometimes referred to as substitution bias.
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Changes in the quality of a good
a. do not present a problem in the construction of the consumer pr...
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