Suppose the Price Level This Year Is 150 and the Price

question 280

Multiple Choice

Suppose the price level this year is 150 and the price level last year was 125. The inflation rate between last year and this year was

• A) 20 percent.
• B) 2 percent.
• C) 16.6 percent.
• D) 1.6 percent.

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Definitions:

Short-form Merger

A short-form merger is a type of merger that allows a parent company to absorb a subsidiary without the approval of the shareholders of the subsidiary.

Shareholder Approval

The process by which a corporation's shareholders vote on and approve certain corporate actions or decisions.

Revised MBCA

An updated version of the Model Business Corporation Act, which provides a template for state laws regulating the formation, operation, and dissolution of corporations.

Voting Rule

A set of regulations determining the number of votes needed for a proposal to pass, often found in legislative bodies or on boards of directors.