Think of a good (other than smartphones) that has increased or even decreased in quality over time
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Think of a good (other than smartphones) that has increased or even decreased in quality over time while the price has remained relatively constant. Explain how the change in quality could bias CPI.
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Lets consider laptop computers as an example Over time advancements in technology have led to improv...View the full answer
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
Question Posted:
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