Start learning →

Room air conditioners were widely sold in the early 1950s but entered the CPI basket only in:

A1987
B1996
C1951
D1964
Answer & Solution
Correct answer: D. 1964
1. The basket lags new products. 2. Air conditioners entered in 1964. 3. VCRs and PCs entered in 1987. _Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 8, Inflation (CC BY 4.0)._
Practise this question with Quill — AP Macroeconomics →

Keep practising Inflation

Browse all Inflation questions for AP Macroeconomics, or explore more Economics topics.

Start a Inflation lesson →
Related questions