The Price of a Gallon of Gasoline at the Pump

question 71

Multiple Choice

The price of a gallon of gasoline at the pump increased by 5 percent at the same time that the inflation rate was also 5 percent. The nominal price of gasoline ________, and the real price of gasoline ________.

• A)did not change; increased
• B)did not change; did not change
• C)increased; did not change
• D)increased; decreased

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Definitions:

Reinforcing Others

The act of encouraging and supporting behaviors in others that contribute positively to desired outcomes or goals.

Punishing Others

The act of imposing a penalty or negative outcome on someone as a consequence of their actions.

Managing Others

The act of overseeing, guiding, and supporting employees or team members to achieve organizational goals.

Reinforce

To strengthen or support, often with additional material or information.