Why does the quality/new goods bias arise if we calculate the inflation rate based on a fixed

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Why does the “quality/new goods bias” arise if we calculate the inflation rate based on a fixed basket of goods?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 04:44 AM

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Why does the quality/new goods bias arise if we calculate the inflation rate based on a fixed

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The qualitynew goods bias is a term used to describe a potential issue in calculating the inflation rate when using a fixed basket of goods to measure ...View the full answer

Principles Of Economics

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