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21 February, 14:40

One of the widely acknowledged problems with using the consumer price index as a measure of the cost of living is that the cpi

a. fails to measure all changes in the quality of goods.

b. displays a housing bias.

c. accounts for changes in prices of some goods, but prices of certain goods are assumed to remain constant.

d. all of the above are correct.

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  1. 21 February, 14:46
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    The correct answer is C) Accounts for changes in prices of some goods, but prices of certain goods are assumed to remain constant.
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