Suppose That the Consumer Price Index at Year-End 2010 Was

question 20

Multiple Choice

Suppose that the consumer price index at year-end 2010 was 180 and by year-end 2011 had risen to 189. What was the inflation rate during 2011?

• A) 4.8 percent
• B) 5 percent
• C) 6 percent
• D) 9 percent

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Definitions:

Interdependent Relationships

Connections between entities where each is dependent on the others for certain outcomes or benefits.

Hardball Tactics

Aggressive or forceful strategies used in negotiations or discussions to gain an advantage.

Bargaining Range

This term refers to the spread between the initial and final offer where negotiation is possible and both parties can find an acceptable agreement.

Resistance Points

The least favorable terms under which a party is willing to accept a negotiated agreement.