Answer:
The correct answer is: overstate
Explanation:
The substitution bias in economic index numbers appears when the possibility of a consumer to change the consumption of a good - that has become more expensive relative to others - for a cheaper one, is ignored. Thus, looking at the CPI (Consumer Price Index), as an indicator of how much the consumer cost of living has raised over time, without eliminating the substitution bias, can over-estimate this inflation effect.
He claimed that it was a new phenomenon because the postwar economy was booming in the US, unlike the rest of the world. As he claims, while there should be scarcity, there's an economy of abundance in the US, which goes against common sense.
Explanation:
Its because of humans cause they are evil
Answer:
Giuseppe is using a schema to help him reconstruct his memory for the event.
Explanation:
A schema consists of a cognitive frame or conceptualization that contributes to the organization and interpretation of information. Schemas can be helpful in that they make it possible for us to interpret the large amount of information that sorrounds us with less effort. In the case of Giuseppe, he is making use of it in order to recapitulate past information about the wedding to which he attended.
