Given the bias in the CPI, if it is used as a cost of living index, incomes that are adjusted to reflect the changes in the CPI will
A) Appear to be smaller than the actual change in the cost of living.
B) Appear to be larger than the actual change in the cost of living.
C) Increase by more than the actual change in quantities.
D) Decrease by more than the actual change in quantities.
Answer: A) Appear to be smaller than the actual change in the cost of living.
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