The biases in the CPI include the
A. old goods, unemployment, and inflation biases.
B. new goods, quality change, and substitution biases.
C. old goods, new goods, and quality change biases.
D. substitution, new goods, and old goods biases.
Answer:B
The biases in the CPI include the
A. old goods, unemployment, and inflation biases. B. new goods, quality change, and substitution biases. C. old goods, new goods, and quality change biases. D. substitution, new goods, and old goods biases.