Recall the Application about the time involved in including cell phones in the calculation of the Consumer Price Index (CPI) to answer the following question(s).According to this Application, the failure of including cell phones in a timely manner when calculating the Consumer Price Index (CPI) caused the telecommunications component of the price index:
A. to be biased downward.
B. to be biased upward.
C. to actually register no perceptible bias.
D. to become negative.
Answer: B
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