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AP® Macroeconomics

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Difficult

Chained CPI

APMACR-AYWUL4

Chained-CPI accounts for

A

government spending increases causing inflation.

B

investment-driven Aggregate Demand purchases that drive up Price Level.

C

Foreign Capital Investment that drives down interest rates and negatively affects inflation data.

D

Travel and Tourism impact on price levels.

E

Consumer Substitution.