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Author Question: The CPI overstates inflation because the average consumer buys A) less of those goods whose ... (Read 92 times)

tuffie

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on: Jun 30, 2018
The CPI overstates inflation because the average consumer buys
 
  A) less of those goods whose relative price has risen.
  B) more of those goods whose relative price has risen.
  C) lower quality goods if they have a choice.
  D) the same basket of goods every week.
  E) a generally random assortment of goods and services each week because what is purchased depends on what the consumer needs.

Question 2

State and local governments spend about ________ of their expenditures on education.
 
  A) 14 percent B) 74 percent C) 59 percent D) 34 percent E) 19 percent


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Jsherida

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


tuffie

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Reply #2 on: Jun 30, 2018
Thank you


Jsherida

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Reply #3 on: Jun 30, 2018
No problemo


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