Changes in Relative Prices During Inflationary Periods Usually Lead to

question 154

Multiple Choice

Changes in relative prices during inflationary periods usually lead to

• A)decreases in real income.
• B)some people gaining real income.
• C)increases in the purchasing power of money.
• D)increases in real income.

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Definitions:

EDI

Electronic Data Interchange, a system that allows the exchange of business documents and data across different companies electronically.

B2C

Business-to-Consumer, a commercial transaction model where businesses sell products or services directly to the end-users or consumers.

C2B

Consumer-to-Business, a business model where consumers create value or products that businesses purchase.

B2B

Business-to-Business, a model that involves transactions between two firms rather than between a firm and individual consumers.