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Reply #6: My Favorite Quote On This So Far... [View All]

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WillyT

(1000+ posts) Send PM | Profile | Ignore

Fri Jul-08-11 03:52 PM
Response to Reply #4

6. My Favorite Quote On This So Far...

A Chained CPI assumes that as prices increase, consumers buy lower cost alternatives, reducing the amount of inflation they experience. For example, if the price of beef increases while the price of pork does not, people will buy more pork. Or, as opponents mockingly argue, if the price of home heating oil goes up, people will turn down their heat and wear more sweaters.

Link: http://www.google.com/hostednews/ap/article/ALeqM5j7oZuOr-LwC83YRBMUzm_6vgYXYw?docId=fd1817c3ab1348c69cdc928d8e98f805

:shrug:

:hi:

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