Final answer:
The CPI and GDP deflator can indeed present different perspectives on price changes in an economy.
Explanation:
The statement is True. The CPI (Consumer Price Index) measures the prices of goods and services purchased by consumers, reflecting changes in the cost of living. In contrast, the GDP deflator (Gross Domestic Product deflator) is a measure of the price level of all goods and services in an economy, not just consumer goods. As they focus on different aspects of the economy, they can indeed tell two different stories about price changes.
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