In a message dated 12/4/03 3:07:31 PM, [EMAIL PROTECTED] writes: >I think you are remembering your undergraduate education incorrectly (it >has been a while Bryan). Some goods don't get any quality adjustment. It >is possible that that is what you are remembering. There are cases where >there are quality changes and no adjustment, but every index is, and always >has been (as far as I know), adjusted to some extent to allow for quality >changes. - - Bill
Nope. I learned the same thing, albeit some years earlier, in my undergraduate education, that the CPI-u doesn't adjust for changes in quality or in the market basket. David
