If the Consumer Price Index Increased from 1

question 88

Multiple Choice

If the Consumer Price Index increased from 1.52 to 1.65, then it must be the case that ______ relative to prices in the base year.

• A) all prices rose
• B) the weighted average level of prices rose
• C) all prices fell
• D) some prices rose and some prices fell

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Definitions:

High Need for Achievement

A personal characteristic that denotes a strong desire to perform challenging tasks well and meet personal standards for excellence.

Moderately Difficult

Describes a task or challenge that requires substantial effort or skill but is not so hard that it becomes overwhelming or unachievable.

External Events

Occurrences outside an organization that might impact its operations, strategy, or performance, such as economic changes, natural disasters, or regulatory shifts.

McGregor's Theory Y

A management theory that suggests employees are inherently motivated and will fulfill their work and responsibilities without coercion if provided with the right conditions.