In explaining why it is a costly mistake to have In explaining why it is a costly mistake to have…

 

In explaining why it is a costly mistake to have
In explaining why it is a costly mistake to have the CPI overestimate inflation, the Associated Press (20 October 1994) reported, “ Every 1 percentage point increase in the CPI raises the federal budget deficit by an estimated $ 6.5 billion.” Explain why that would happen.

In explaining why it is a costly mistake to have