When the quality of a good decreases while the price is unchanged, the purchasing power of the

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When the quality of a good decreases while the price is unchanged, the purchasing power of the dollar ________, so if the quality change is not accounted for, the CPI _____ the change in the cost of living.

increases; overstates.

decreases; overstates.

decreases; understates

increases; understates.

Posted Date: Jun 13, 2024 02:05 AM

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