If a Price Index Rises from One Year to the Next

question 25

Multiple Choice

If a price index rises from one year to the next:

• A)all prices must be rising
• B)nominal GDP must be rising
• C)real GDP must be rising
• D)real GDP must be falling
• E)some individual prices may fall or stay the same, and nominal or real GDP may fall or stay the same

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Definitions:

Bipolar Disorder

A disorder in mental wellness featuring acute mood swings, from manic or hypomanic episodes to depressive lows.

Tardive Dyskinesia

A neurological disorder resulting from long-term or high-dose use of antipsychotic drugs, characterized by repetitive, involuntary, purposeless movements.

Hedonic Consumption

The aspect of consumer behavior that relates to the emotional and pleasure-seeking aspects of consumption.

Brand Loyalty

The tendency of consumers to continuously purchase products from the same brand due to satisfaction, preference, or emotional connection.