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Social Security benefits are increased each year in proportion to the increase in the CPI, even though most economists believe that the CPI overstates actual
Social Security benefits are increased each year in proportion to the increase in the CPI, even though most economists believe that the CPI overstates actual inflation True or False: If the elderly consume the same market basket as other people, then Social Security would have an uncertain impact on their standard of living. O True O False Healthcare costs have risen faster than overall inflation. True or False: Ir the elderly consume a market basket that includes more healthcare than other people, they may be worse off even ir Social Security benefits are adjusted for inflation. True O False
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