Assume Tuition at the University of Virginia Cost $2,962 (Per

question 82

Multiple Choice

Assume tuition at the University of Virginia cost $2,962 (per semester) in 2004 and $11,584 in 2012.If the price index was 184 in 2004 and 226 in 2012,then we could say

• A) tuition has increased more slowly than inflation.
• B) tuition has increased much more rapidly than inflation.
• C) tuition has increased at about the same rate as inflation.
• D) nominal tuition has decreased.
• E) tuition suffers from menu costs due to inflation.

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Definitions:

Auxin

A class of plant hormones responsible for cell elongation, root initiation, and other developmental processes.

Coleoptile

A protective sheath covering the emerging shoot in monocotyledons like grasses and grains.

Frits Went

A botanist known for his pioneering work on plant hormones and their role in plant growth and development.

Auxin

A class of plant hormones that play a key role in coordinating growth and behavioral processes, including cell elongation and branching.