Explain briefly what the consumer price index measures and how it is constructed. Identify one reason why

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Explain briefly what the consumer price index measures and how it is constructed. Identify one reason why the CPI is an imperfect measure of the cost of living.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:07 AM

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Explain briefly what the consumer price index measures and how it is constructed. Identify one reason why

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The consumer price index measures the overall cost of the goods ...View the full answer

Principles of economics

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