Why do people continue to use cpi if it has an upward bias


Assignment:

Unemployment and the Cost of Living

Economists measure the performance of the labor market using unemployment statistics. Based on the Assignment questions, explain the cost of living and unemployment issues in the economy.

View the following videos before starting this Assignment:

Why Do People Continue to Use CPI if it Has an Upward Bias?"

Why is Unemployment in Europe Much Higher than it is in the United States?"

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Microeconomics: Why do people continue to use cpi if it has an upward bias
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