If There Are Only Two Goods in the Economy, One

question 28

Multiple Choice

If there are only two goods in the economy, one whose price rises by 3 percent and one by 5 percent, it is possible that inflation is:

• A)3 percent.
• B)4 percent.
• C)5 percent.
• D)7 percent.

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Definitions:

Health Care Facilities

Institutions providing patient treatment with specialized medical and nursing staff and medical equipment.

Canadian Seniors

The demographic group in Canada comprising individuals aged 65 and older, often discussed in the context of healthcare, retirement, and social policy.

Impairments Into Disabilities

The process by which physical or mental impairments are translated into societal disabilities through environmental barriers and societal attitudes.

Sheltered Workshops

Facilities that provide employment and training for people with disabilities or social disadvantages in a controlled and protective setting.