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  • 28.3: Impacts of Federal Reserve Policies
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/28%3A_Monetary_Policy/28.3%3A_Impacts_of_Federal_Reserve_Policies
    Changes in a country’s money supply shifts the country’s aggregate demand curve.
  • 9.3: How to Measure Changes in the Cost of Living
    https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/09%3A_Inflation/9.03%3A_How_to_Measure_Changes_in_the_Cost_of_Living
    Taking these arguments together, the quality/new goods bias means that the rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer’s true cost of living, becau...Taking these arguments together, the quality/new goods bias means that the rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer’s true cost of living, because it does not account for how improvements in the quality of existing goods or the invention of new goods improves the standard of living.
  • 3.6: How Changes in the Cost of Living are Measured
    https://socialsci.libretexts.org/Workbench/Introduction_to_Macroeconomics/03%3A_Unemployment_and_Inflation/3.06%3A_How_Changes_in_the_Cost_of_Living_are_Measured
    Taking these arguments together, the quality/new goods bias means that the rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer’s true cost of living, becau...Taking these arguments together, the quality/new goods bias means that the rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer’s true cost of living, because it does not take into account how improvements in the quality of existing goods or the invention of new goods improves the standard of living.
  • 19.4: Cost of Living
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/19%3A_Measuring_Output_and_Income/19.4%3A_Cost_of_Living
    Inflation is a persistent increase in the general price level, and has three varieties: demand-pull, cost-push, and built-in.
  • 5.2.3: How Changes in the Cost of Living are Measured
    https://socialsci.libretexts.org/Courses/Prince_Georges_Community_College/ECON_1030%3A_Principles_of_Macroeconomics/05%3A_The_Business_Cycle/5.02%3A_Inflation/5.2.03%3A_How_Changes_in_the_Cost_of_Living_are_Measured
    Taking these arguments together, the quality/new goods bias means that the rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer’s true cost of living, becau...Taking these arguments together, the quality/new goods bias means that the rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer’s true cost of living, because it does not take into account how improvements in the quality of existing goods or the invention of new goods improves the standard of living.

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