If the Average Price Level in 2001 Was 1

question 14

True/False

If the average price level in 2001 was 1.20 relative to the base year of 1996, then a dollar in 2001 bought 20 percent more goods and services than a dollar bought in 1996.

---

Definitions:

Implied Employment

A work relationship based on actions, conduct, or circumstances, rather than a written contract, suggesting an employer-employee relationship.

Wrongful Dismissal

The termination of an employee's contract of employment in violation of the law or the contract terms.

Succeed

To achieve a desired goal or outcome, often through effort, skill, or perseverance.

Sue

Legal action where a party claims to have incurred loss as a result of another party's actions.