If the Prices of the Goods and Services Contained in the CPI

question 261

Multiple Choice

If the prices of the goods and services contained in the CPI market basket increase from the base period to the next year,we know that

• A)the inflation rate is falling.
• B)the next year's CPI will be above 100.
• C)the next year's CPI will be below 100.
• D)the cost of the CPI market basket at next year's prices is lower than the cost of the CPI market basket at base period prices.
• E)the market basket used by the BLS must be changed next year to reflect consumers' new expenditures.

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Definitions:

Theory Y

A management approach that assumes employees are motivated, self-directed, and enjoy the work they do, advocating for a participative style.

Quite Creative

Demonstrating a high level of ingenuity and uniqueness in thinking or producing.

Human Relations Movement

An approach to management focusing on the social factors at work and the behavior of employees within organizations.

Mary Parker Follett

An American social worker, management consultant, and pioneer in the field of organizational theory and behavior.