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Which of the following situations illustrate the problem of substitution bias in the construction of the CPI? Check all that apply. [3 Greater use of
Which of the following situations illustrate the problem of substitution bias in the construction of the CPI? Check all that apply. [3 Greater use of fuelefficient cars after gasoline prices increase [3 The introduction of air bags in cars [:1 The invention ofceil phones [3 More scoops of raisins in each package of Raisin Bran [:1 increased personal computer purchases in response to a decline in their price
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