If the Price Index in 2000 Is 120 and the Price

question 185

Multiple Choice

If the price index in 2000 is 120 and the price index in 2001 is 112, then the economy experiences _______ between 2000 and 2001.

• A) disinflation
• B) hyperinflation
• C) deflation
• D) inflation

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Definitions:

Gratuitous Assignment

An assignment or transfer of rights or property done voluntarily without receiving any value in return.

Irrevocable

Incapable of being taken back, undone, or cancelled, often used in the context of certain contracts, trusts, or offers.

Implied Warranties

Legal guarantees that are not explicitly stated but are assumed in transactions, indicating that a product will meet certain quality and reliability standards.

Assignor

The party in a contract who transfers their rights or interests in a property or contract to another party, known as the assignee.