Which One of the Following Statements Is TRUE

question 5

Multiple Choice

Which one of the following statements is TRUE?

• A) Inflation but not deflation can occur even under conditions of full employment.
• B) Deflation but not inflation can occur even under conditions of full employment.
• C) Inflation or deflation can occur even under conditions of full employment.
• D) Inflation can occur even under conditions of full employment only in the long run.
• E) Inflation does not coincide with periods of high unemployment levels.

---

Definitions:

Sales Representative

A professional responsible for selling products or services to customers, often requiring negotiation skills and in-depth knowledge of the items offered.

Supply Manager

A professional responsible for overseeing and managing a company’s procurement of necessary materials and goods to manufacture products or provide services.

Common Law

A legal system characterized by the development of law through judicial decisions and precedents, as opposed to statutory laws enacted by a legislative body.

Purchase of Services

The act of acquiring services rather than physical goods from another party.