The headline on an article in the Wall Street Journal was Why Ice Cream Is More Important

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The headline on an article in the Wall Street Journal was “Why Ice Cream Is More Important Than Bacon When Tracking Inflation.” Considering how the CPI is constructed, why would ice cream be more important than bacon in calculating inflation?

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Aug 23, 2019 12:38 PM

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The headline on an article in the Wall Street Journal was Why Ice Cream Is More Important

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Each price in the consumer price index is given a weight equal to the fraction of a typical familys ...View the full answer

Economics

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