If This Year's Price Level Is 126 and Last Year's

question 289

Multiple Choice

If this year's price level is 126 and last year's price level was 120, the inflation rate is

• A) 0.95 percent a year.
• B) 5 percent a year.
• C) 6 percent a year.
• D) 1.05 percent a year.

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Definitions:

Conflict Theory

A theoretical framework in sociology that emphasizes the role of power disparities, social inequalities, and economic differences in creating social conflict and change.

Economic Inequality

The unequal distribution of wealth and income among individuals or groups within a society or between countries.

Ableist Language

Language that discriminates against or devalues individuals with disabilities, often perpetuating societal stereotypes and stigmas.

Institutionalized Ableism

Systemic preferencing of non-disabled individuals, resulting in discrimination against people with disabilities in various societal institutions.