If the US Price Level Is Increasing by 3 Percent Annually and Annually

question 445

Multiple Choice

If the U.S. price level is increasing by 3 percent annually and the Swiss price level is increasing by 2 percent annually, by about what percent would the price of a dollar in terms of Swiss francs need to change according to purchasing power parity?

• A)decrease by 5 percent
• B)decrease by 1 percent
• C)increase by 5 percent
• D)increase by 1 percent

---

Definitions:

Substitutes For Leadership

Factors in the work environment that provide guidance and incentives to perform, making the leader’s role almost superfluous.

Work Environment

The physical and psychological conditions under which employees perform their job duties.

Legal Aspects

Pertains to the laws and regulations that impact the operation, structure, and activities of businesses and organizations.

Team Builder

Someone skilled in creating and fostering cohesive groups with the aim of achieving specific goals and enhancing teamwork.