5. Give two reasons the official inflation rate may understate the true rate of inflation. Illustrate by

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5. Give two reasons the official inflation rate may understate the “true” rate of inflation. Illustrate by examples. (LO3)

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Principles Of Macroeconomics

ISBN: 9781264250356

8th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz

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