If There Is Inflation, Then a Firm That Has Kept

question 54

Multiple Choice

If there is inflation, then a firm that has kept its price fixed for some time will have a

• A)high relative price.Relative-price variability rises as the inflation rate rises.
• B)high relative price.Relative-price variability falls as the inflation rate rises.
• C)low relative price.Relative-price variability rises as the inflation rate rises.
• D)low relative price.Relative-price variability falls as the inflation rate rises.

---

Definitions:

Ecological Systems Model

A framework that categorizes the complex social environments and their impact on individuals through different, interacting layers from immediate surroundings to broader societal influences.

Client System

A term used in social work and other fields to describe the individual, family, group, or community that is the focus of professional intervention.

Formal Service Systems

Organized, structured systems designed to provide social, health, or educational services to individuals or communities.

Social Work Assessments

A systematic process used by social workers to evaluate the needs, strengths, and challenges of individuals, families, or communities to inform interventions.