*One of the reasons that a rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer’s true cost of living, is:
A. substitution bias
B. attribution bias
C. complimentary bias
D. preference bias
Answer:A
*One of the reasons that a rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer’s true cost of living, is:
A. substitution bias B. attribution bias C. complimentary bias D. preference bias
Explanation: Type: Multiple Choice