Which of the following situations illustrate the problem of unmeasured quality change in the construction of the CPI? Check all that apply. Greater use of fuel-efficient cars after gasoline prices increase More scoops of raisins in each package of Raisin Bran Increased personal computer purchases in response to a decline in their price The invention of cell phones The introduction of air bags in cars

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Measuring The Cost Of Living
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12. Problems and Applications Q6
Which of the following situations illustrate the problem of unmeasured quality change in the construction of the CPI? Check all that apply.
Greater use of fuel-efficient cars after gasoline prices increase
More scoops of raisins in each package of Raisin Bran
Increased personal computer purchases in response to a decline in their price
The invention of cell phones
The introduction of air bags in cars
Transcribed Image Text:s Tips Tips 12. Problems and Applications Q6 Which of the following situations illustrate the problem of unmeasured quality change in the construction of the CPI? Check all that apply. Greater use of fuel-efficient cars after gasoline prices increase More scoops of raisins in each package of Raisin Bran Increased personal computer purchases in response to a decline in their price The invention of cell phones The introduction of air bags in cars
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