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For each statement in the following table, choose the corresponding criticism of the Consumer Price Index. Statement Criticism The CPI can understate inflation for retirees,
For each statement in the following table, choose the corresponding criticism of the Consumer Price Index. Statement Criticism The CPI can understate inflation for retirees, as they tend to buy more medical services than a typical family. The CPI can overstate the impact of inflation when there are rapid advances in car safety technology. The CPI can overstate the impact of inflation if large increases in pear prices shift many consumers toward purchasing peaches instead
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