During a Period of Inflation

question 105

Multiple Choice

During a period of inflation:

• A) Specific prices are rising,and relative prices are falling.
• B) Both relative prices and average prices are rising.
• C) Relative prices are rising,but it is not certain what is happening to average prices.
• D) Average prices are rising,but it is not certain what is happening to relative prices.

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Definitions:

Clear-Cut

Something that is easily understood or determined; unambiguous and straightforward.

Principle of Justice

A fundamental ethical principle focusing on fairness, equality, and moral rectitude in the treatment of individuals within a society.

Ethical Philosophy

The branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.

Whistleblowing

Turning in or otherwise exposing people who behave unethically in your company.