Over the Past 70 Years, What Was the Approximate Average

question 74

Multiple Choice

Over the past 70 years, what was the approximate average annual inflation rate?

• A) 3 percent, implying that prices have increased 12-fold
• B) 4 percent, implying that prices have increased 16-fold
• C) 4 percent, implying that prices have increased 18-fold
• D) 5 percent, implying that prices increased about 18-fold

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Definitions:

New Ideas

Original or innovative thoughts, concepts, or approaches that have not been previously considered or explored.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors. It is what causes us to take action, whether to fulfill a need or achieve a goal.

Hygiene Factors

According to Herzberg's motivation-hygiene theory, these are factors that can lead to dissatisfaction if absent but do not necessarily motivate if present; they include aspects like salary, company policies, and working conditions.

Herzberg's Two-Factor Theory

A motivational theory proposing that job satisfaction and dissatisfaction arise from two distinct sets of factors: hygiene factors and motivators.