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In general, which of the following statements about inflation is true? The GDP deflatortends to overstate inflation relative to the CPI. The GDP deflator and
In general, which of the following statements about inflation is true?
The GDP deflatortends to overstate inflation relative to the CPI.
The GDP deflator and CPI tend to yield approximately the same levels of inflation.
The CPI tends to overstate inflation relative to the GDP deflator.
There is no consistent trend between the GDP deflator and CPI of overstating inflation.
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