14. In 2011, consumers tended to buy bigger-screen TV sets than they did in the 19821984 base period. How does the CPI reflect this fact? a. It doesn't, because it uses a fixed market basket. b. It can't, possibly because, if it did, the price of TVs would have gone up instead of down. c. Every month, there is a new Consumer Expenditure Survey, which records what consumers actually buy, so the market basket changes every month. d. The Bureau of Labor Statistics (BLS) adjusts the actual price to subtract out the part that pays for improved quality. e. The BLS corrects by using a different base period. 15. A recent monthly press release on the Consumer Price Index says, "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in July, before seasonal adjustment, to a level 256.6 (198284 = 100), the Bureau of Labor Statistics of the U.S. Department of Labor reported today." This means that a. prices have increased 256.6% so that it now costs $356.60 to buy goods and services that cost $100 in 19821984. b. prices have increased 156.6% so that it now costs $256.60 to buy goods and services that cost $100 in 19821984. c. prices have increased 0.2% so that it now costs $100.20 to buy goods and services that cost $100 in 19821984. d. a mistake has been made because an index number can only take values between 0 and 1