Review the discussion of bias in the CPI. Explain why failure to consider the quality improvement of

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Review the discussion of bias in the CPI. Explain why failure to consider the quality improvement of a new good leads to an upward bias in the trend of the CPI.

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Economics

ISBN: ?978-0073511290

19th edition

Authors: Paul A. Samuelson, William Nordhaus

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Question Posted: Dec 05, 2015 03:34 AM

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Review the discussion of bias in the CPI. Explain why failure to consider the quality improvement of

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Products get improved all the time Often these quality imp...View the full answer

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