Question
The biased CPI ______ the actual inflation rate. Given that government outlays and tax brackets are adjusted according to the biased CPI rather than the
The biased CPI ______ the actual inflation rate. Given that government outlays and tax brackets are adjusted according to the biased CPI rather than the actual CPI, the U.S. government budget deficit is _____ than it otherwise is.
Group of answer choices
underestimates; smaller
overestimates; larger
underestimates; larger
overestimates; smaller
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Principles Of Economics
Authors: Robert H. Frank, Ben Bernanke Professor, Kate Antonovics, Ori Heffetz
6th Edition
0078021855, 9780078021855
