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)._
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