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When the price of a good goes up and substitutes are available, inflation impacts buyers than the officially - calculated CPI measures indicate, making the

When the price of a good goes up and substitutes are available, inflation impacts buyers

than the officially

-

calculated CPI measures indicate, making the inflation rate calculated with the CPI as we did in class

than it is in reality.

q,

more; lower

less; lower

less; higher

more; higher

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