If the Price of Gasoline Increased 100% During a Period

question 12

Multiple Choice

If the price of gasoline increased 100% during a period of time when inflation was 100%, then the relative real price of gasoline would:

• A) increase.
• B) decrease.
• C) remain constant.
• D) increase or decrease, depending on whether income had changed or not.

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Definitions:

Psychological Disturbances

Disorders or disruptions of mental functioning that significantly impact an individual's thoughts, emotions, or behavior, causing distress or impairment in daily life.

Mesmerism

The method employed by Austrian physician F. A. Mesmer to treat hysterical disorders; a precursor of hypnotism.

Trephination

An ancient medical intervention in which a hole was drilled or scraped into the human skull, possibly to treat health issues related to intracranial pressure or as a ritualistic or spiritual practice.

Hypnotism

An absorbed state characterized by focused awareness and heightened openness to suggestion, commonly utilized for healing purposes.