If There Is Inflation, Then a Firm That Has Kept

question 54

Multiple Choice

If there is inflation, then a firm that has kept its price fixed for some time will have a

• A)high relative price.Relative-price variability rises as the inflation rate rises.
• B)high relative price.Relative-price variability falls as the inflation rate rises.
• C)low relative price.Relative-price variability rises as the inflation rate rises.
• D)low relative price.Relative-price variability falls as the inflation rate rises.

---

Definitions:

Aadhaar

A 12-digit unique identity number issued by the Indian government to residents based on their biometric and demographic data.

Insurance Programs

Schemes offered by companies or governments to provide financial protection and risk management for individuals, properties, and liabilities.

Informed Consent

A process ensuring individuals are fully educated about what they are agreeing to participate in, mainly regarding research or medical procedures, ensuring voluntariness and awareness of potential risks and benefits.

Opt-In

Opt-in refers to a permission-based practice where individuals choose to receive marketing communications or other information by signing up voluntarily.