There are ongoing concerns about how accurate the CPI is in measuring.docx

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AustinIKkNorthy

There are ongoing concerns about how accurate the CPI is in measuring inflation in the US. Describe the two main concerns sited: the substitution bias and the quality/new goods bias. Then explain what might be done to make the CPI better reflect inflation in the United States. .

There are ongoing concerns about how accurate the CPI is in measuring inflation in the US.
Describe the two main concerns sited: the substitution bias and the quality/new goods bias. Then
explain what might be done to make the CPI better reflect inflation in the United States.

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