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Consider the link between the cpi and a basket of goods

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Consider the link between the CPI and a basket of goods. Social security is a monthly payment made to retired US citizens who have contributed to the Social Security program during their working years. Some economists have argued that by adjusting Social Security payments for inflation using the CPI, Social Security is overpaying recipients. Why might they make that argument? (hint think of the CPI basket of goods and what elderly people consume)

Reference no: EM132476286

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