Which of the Following Statements Is True

question 69

Multiple Choice

Which of the following statements is true?
I.The CPI is computed using a fixed basket of goods.
II.The implicit price deflator is computed a fixed basket of goods.
III.The CPI and the implicit price deflator can be used to calculate inflation.

• A)I, II, and III
• B)I and II only
• C)I and III only
• D)II and III only

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Definitions:

Theory Y

A management concept that assumes employees are self-motivated, enjoy work, and will seek and accept responsibility.

National Unions

Labor unions that operate across an entire country, representing a broad spectrum of workers from various industries and sectors.

Executive Committee

A group of high-ranking officials within an organization or board responsible for decision-making and policy implementation.

Union Democracy

The practice and principle of democratic governance within labor unions, including elections for leadership and decision-making by membership.