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Multiple Choice Question If the CPI and the inflation rate calculated overstate the true level of inflation in the economy, then the purchasing power of

Multiple Choice Question

If the CPI and the inflation rate calculated overstate the true level of inflation in the economy, then the purchasing power of retirees is:

Multiple choice question.

unpredictable.

holding steady over time.

falling over time and retirees are becoming worse off.

rising over time and retirees are becoming better off.

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