Reference no: EM133232449

The CPI assumes a fixed basket of goods over time. In fact, consumers are likely to change purchasing behavior over time by purchasing less of the goods whose prices have risen by relatively large amounts and by buying more of the goods whose prices have risen less or maybe even fallen. What problem does this cause for measuring the cost of living? Your initial post should be two to three paragraphs in length (paragraphs of 3 to 7 sentences each). You will be graded on the thoroughness and thoughtfulness of your posting