Which of the Following Is True

question 20

Multiple Choice

Which of the following is true?

• A)High and variable rates of inflation will be easy for decision makers to forecast accurately.
• B)Unanticipated inflation is an increase in the general level of prices that was not expected by most decision makers.
• C)In contrast with unanticipated inflation,anticipated inflation implies that the increase in the general level of prices was expected by borrowers but not lenders.
• D)Inflation will increase the prices of goods and services that households purchase but not the wage rates of workers.

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Definitions:

Organization Meeting

The initial meeting where the structure of a new organization is decided, officers are elected, and bylaws are adopted.

Preincorporation Contracts

Agreements made by the founding members of a corporation on its behalf before the company is formally incorporated.

Articles of Incorporation

A set of formal documents filed with a state governmental authority to legally document the creation of a corporation.

Bylaws

Written rules and regulations governing the operations of a corporation or other formal organizations.