Regarding Inflation, Which of the Following Is True

question 88

Multiple Choice

Regarding inflation, which of the following is true?

• A) Anticipated inflation is an increase in the price level that comes as a surprise, at least to most individuals.
• B) Unanticipated inflation is a change in the price level that is widely expected.
• C) When the inflation rate is high and variable, decision makers will generally be able to anticipate year-to-year changes in inflation quite accurately.
• D) Inflation will tend to increase the nominal values of both prices and wages.

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Definitions:

External Environments

All elements outside of an organization that can affect its performance and strategy, including economic, technological, socio-cultural, and legal factors.

Mechanistic Structures

Organizational frameworks characterized by rigorous procedures, clear hierarchies, and distinct roles, aiming for efficiency and predictability.

Organic Structures

Flexible and adaptive organizational structures that foster innovation, creativity, and responsiveness, emphasizing informal networks and decentralized decision-making.

Departmentalization

The method of dividing an organization into distinct departments, allowing for specialized functional areas that focus on specific tasks or duties.