Because of the biases in calculating the CPI, actual inflation is
A. accurately measured.
B. less than the measured inflation rate by about 1 percent per year.
C. more than the measured inflation rate by about 1 percent per year.
D. more than the measured inflation rate by about 1 percent per month.
Answer:B
Because of the biases in calculating the CPI, actual inflation is
A. accurately measured. B. less than the measured inflation rate by about 1 percent per year. C. more than the measured inflation rate by about 1 percent per year. D. more than the measured inflation rate by about 1 percent per month.