If the Price Index Is 100 This Year, Then _____

question 49

Multiple Choice

If the price index is 100 this year, then _____

• A) there has been no inflation during the year.
• B) the price level is thrice as much as it was in the base year.
• C) the price level is one hundred times what it was in the base year.
• D) the price level is double what it was in the base year.
• E) the inflation rate has been 100 percent since the base year.

---

Definitions:

Idea Generation

The process of creating, developing, and communicating new thoughts or concepts.

Diffusion

The process through which new ideas, practices, or products spread within a society or from one society to another.

Tolerate Uncertainty

The ability to remain calm and maintain performance despite ambiguity or lack of information about future events.

Diverse Experiences

A range of varied encounters and backgrounds that an individual or group might have.