Which of the following situations illustrate the problem of unmeasured quality change in the construction of the CPI? Check all that apply. Greater use of fuel-efficient cars after gasoline prices increase More scoops of raisins in each package of Raisin Bran Increased personal computer purchases in response to a decline in their price The invention of cell phones The introduction of air bags in cars
Which of the following situations illustrate the problem of unmeasured quality change in the construction of the CPI? Check all that apply. Greater use of fuel-efficient cars after gasoline prices increase More scoops of raisins in each package of Raisin Bran Increased personal computer purchases in response to a decline in their price The invention of cell phones The introduction of air bags in cars
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Measuring The Cost Of Living
Section: Chapter Questions
Problem 6PA
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