Business, 01.12.2021 22:10 sidney2602

In the 1970s and 1980s, Walmart entered several markets outside of its home base of Arkansas. As a result, it brought lower prices on a variety of goods. The Bureau of Labor Statistics did not send its shoppers into these new stores until there was a new survey, leading to the CPI a. overstating inflation because they were missing "when people shop."
b. understating inflation because they were missing "where people shop."
c. understating inflation because they were missing "when people shop."
d. overstating inflation because they were missing "where people shop."

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In the 1970s and 1980s, Walmart entered several markets outside of its home base of Arkansas. As a r...

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