The Price Index Was 150 in the First Year,160 in the Second

question 28

Multiple Choice

The price index was 150 in the first year,160 in the second year,and 165 in the third year.Which of the following statements is correct?

• A)The price level was higher in the second year than in the first year,and it was higher in the third year than in the second year.
• B)The inflation rate was positive between the first and second years,and it was positive between the second and third years.
• C)The inflation rate was lower between the second and third years than it was between the first and second years.
• D)All of the above are correct.

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Definitions:

Cafeterias

Public dining spaces where food is served, typically in institutional settings like schools or workplaces.

Substantially Influence

To have a significant, powerful, or notable effect on someone or something, often altering outcomes, behaviors, or beliefs.

Group-Centered

Refers to the approach or practice focused on the dynamics and needs of a group as a whole rather than on individual members.

Individualistic

Characterizing cultures or individuals who prioritize independence, self-expression, and personal achievements over communal or collective aims.