Which of the Following Would Be Expected to Cause an Increase

question 14

Multiple Choice

Which of the following would be expected to cause an increase in the inflation rate rather than a once-and-for-all increase in the price level?

• A)the imposition of a new sales tax
• B)the sudden doubling of a key raw materials price
• C)a new payroll tax that raises unit wage costs
• D)expectations of higher future inflation
• E)an early frost that damages the agricultural harvest

Understand and use the concept of Consumer Price Index (CPI) and its calculation.

Analyze and calculate ratios and proportions in various contexts.

Apply exchange rate information to calculate the impact on import prices.

Solve complex proportions involving multiple variables.

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Definitions:

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