If the Fed were to tie the rate of money growth to the Consumer Price Index (CPI), the rate of money growth might be excessive because:
a. The CPI does not measure inflation at the household level
b. Most economists maintain the CPI overstates inflation by 2 to 4 percent annually
c. Most economists maintain the CPI overstates inflation by 1 percent annually
d. Studies suggest that money growth is not related to the CPI
