Assume Tuition at the University of Virginia Cost $2,962 (Per

question 82

Multiple Choice

Assume tuition at the University of Virginia cost $2,962 (per semester) in 2004 and $11,584 in 2012.If the price index was 184 in 2004 and 226 in 2012,then we could say

• A) tuition has increased more slowly than inflation.
• B) tuition has increased much more rapidly than inflation.
• C) tuition has increased at about the same rate as inflation.
• D) nominal tuition has decreased.
• E) tuition suffers from menu costs due to inflation.

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Material Fact

A fact that, if known, would influence a person's decision-making related to a contract, transaction, or legal case.

Insider Trading

The unlawful act of conducting trades on the stock market for personal gain by exploiting privileged, non-public information.

Securities Exchange Act

A federal law governing the trading of securities, such as stocks and bonds, aimed at protecting investors and maintaining fair and orderly markets.

Misappropriate

The act of dishonestly or unfairly taking something, especially money, for one's own use.