Why doesnt the CPI accurately adjust for the cost-of-living effects of a tripling in the price of

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Why doesn’t the CPI accurately adjust for the cost-of-living effects of a tripling in the price of bananas relative to the prices of other fruits?

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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 doesnt the CPI accurately adjust for the cost-of-living effects of a tripling in the price of

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The CPI assumes that people continue to consume the same number of bananas as in the ...View the full answer

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