At the Beginning of a Year, Decision Makers Expect the General

question 48

Multiple Choice

At the beginning of a year, decision makers expect the general level of prices to increase at a 3 percent annual rate. The CPI increases from 150 to 154.5 during the year; this is an example of

• A) an inflation rate that is equal to 4.5 percent.
• B) an unanticipated increase in the general level of prices.
• C) an increase in the general level of prices that was accurately anticipated.
• D) an inflation rate that is less than what people anticipated.

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Definitions:

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Behavioral Questions

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The initial perception or judgment formed about someone or something at the first encounter, which can significantly influence future interactions.

Lean Forward

A phrase commonly used to describe an eagerness or proactive engagement in a particular activity or conversation.