Why does the CPI tend to overstate inflation if the quality of goods and services is rising

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Why does the CPI tend to overstate inflation if the quality of goods and services is rising over time?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 19, 2023 03:56 AM

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Why does the CPI tend to overstate inflation if the quality of goods and services is rising

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The CPI does not adjust for most quality increases th...View the full answer

Exploring Economics

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