ECONOMICS USA: PRINCIPLES OF
ECONOMICS
TeleWeb COURSE
Practice Assignment #5 - Consumer Price Index
After reading the linked webpages below, answer the following question in no more than one page.
-
Why do some economists believe the Consumer Price Index over-estimates the level of inflation in the U.S?
- What is the estimated mis-measurement error?
- How would an over-estimate of the inflation rate affect policy and the unemployment rate?
