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Choose the statement that is correct. A.Upper A 1996 Congressional Advisory Commission reports that the CPI overstates inflation by 1.1 percent a year Upper A

Choose the statement that is correct. A.Upper A 1996 Congressional Advisory Commission reports that the CPI overstates inflation by 1.1 percent a year Upper A 1996 Congressional Advisory Commission reports that the CPI overstates inflation by 1.1 percent a year B. The bias in the CPI decreases government outlays. C. The main source of bias in the CPI arises from frequently updating the CPI market basket. D. The bias in the CPI gives workers with wage contracts linked to the CPI less real income than the firm intended

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