In China, Suppose That the Price Level Was 100 in 2014

question 143

Multiple Choice

In China, suppose that the price level was 100 in 2014, 110 in 2015, and 120 in 2016. Over these three years

• A) the inflation rate accelerated.
• B) inflation did not occur.
• C) prices were stable.
• D) the inflation rate was positive.

---

Definitions:

Contingency-Oriented

An approach or mindset focused on planning and preparing for various possible futures or outcomes.

OB Theories

Theories in Organizational Behavior that examine how individuals and groups act within organizations, aiming to understand, predict, and influence employee behavior.

Authentic Laughter

Genuine laughter that reflects true amusement, joy, or happiness, as opposed to forced or fake laughter.

Physiological Benefits

The positive effects of activities or behaviors on the body's physical functioning, health, or well-being.