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Consider Social Security benefits for the elderly.They are adjusted annually for changes in the CPI.Is this an appropriate adjustment? Why or why not?Among other things,

Consider Social Security benefits for the elderly.They are adjusted annually for changes in the CPI.Is this an appropriate adjustment? Why or why not?Among other things, your answer may consider whether CPI overstates actual inflation as some economists suggest, whether the elderly consume the same market basket as the population in general, the level of healthcare consumed by the elderly, or consider/explain the difference between the CPI-W and CPI-U.

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