24. Newspaper and government sources often cite ‘core’ CPI, a Consumer Price Index that does not include volatile items like gasoline and food. Why is this a misleading measure? (A) It can overstate inflation. (B) It can understate inflation. (C) It misrepresents the volatility of consumer prices. (D) All of the above.
need help with review multiple choice
24. Newspaper and government sources often cite ‘core’ CPI, a
(A) It can overstate inflation.
(B) It can understate inflation.
(C) It misrepresents the volatility of consumer prices. (D) All of the above.
25. Why is the phrase, “Follow the science,” imprecise and misleading?
(A) Scientists are mostly a bunch of nerds who do not deadlift.
(B) Science is a process of falsification, not a set of dogmas.
(C) Scientists have historically stated that smoking is good for health, that Thalido-
mide is safe, and that peptic ulcers are caused by spicy foods (instead of H. pylori).
(D) It is neither imprecise nor misleading. Always trust scientists.
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