What major factor causes the implicit price deflator


Problem

What major factor causes the implicit price deflator and the chained price deflator to diverge over time? Under what circumstances would we expect to find very little difference in these two measures of prices?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What major factor causes the implicit price deflator
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