29 Smartphones get ever smarter, and because of competition among their makers they get ever cheaper. Because

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29 Smartphones get ever smarter, and because of competition among their makers they get ever cheaper. Because the prices of smartphones are falling and the quality of smartphones is improving, does the measured inflation rate equal the true inflation rate, or is there a bias? If there is a bias, what is its direction?

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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