Higher Inflation

question 79

Multiple Choice

Higher inflation

• A)causes firms to change prices less frequently and makes relative prices less variable.
• B)causes firms to change prices less frequently and makes relative prices more variable.
• C)causes firms to change prices more frequently and makes relative prices less variable.
• D)causes firms to change prices more frequently and makes relative prices more variable.

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Definitions:

Peer Groups

Social groups of individuals of similar age, status, or interest that significantly influence the behaviors and attitudes of their members.

Socialize

The process by which individuals learn and acquire the norms, values, behaviors, and social skills appropriate to their society.

Macrosystem

refers to the cultural, social, economic, and political conditions and organizations that influence an individual's development in a sociocultural context.

Bronfenbrenner

Urie Bronfenbrenner was a developmental psychologist who founded the Ecological Systems Theory, emphasizing the importance of various environmental systems in human development.