What are the four main ways in which the CPI is an upward-biased measure of the price

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What are the four main ways in which the CPI is an upward-biased measure of the price level?

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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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Question Posted: Dec 19, 2015 04:48 AM

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What are the four main ways in which the CPI is an upward-biased measure of the price

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The CPI is biased upward because of the new goods bias the quality c...View the full answer

Macroeconomics Canada in the Global Environment

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