Author Question: Most economists believe that the biases in the consumer price index cause the CPI to overstate the ... (Read 510 times)

dejastew · **on:** Jun 29, 2018

Most economists believe that the biases in the consumer price index cause the CPI to overstate the true inflation rate by about

A) one quarter percentage point. B) one to two percentage points.
C) one and one-half percentage points. D) one-half to one percentage point.

Question 2

Refer to Scenario 25-1. M1 in this simple economy equals

A) 1,000. B) 2,000. C) 3,000. D) 8,000.