The Percentage Change in the Price Level from One Period

question 31

Multiple Choice

The percentage change in the price level from one period to another is called

• A)the growth rate.
• B)the inflation rate.
• C)the GDP deflator.
• D)the unemployment rate.

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Definitions:

Productivity

The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Company Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business.

Business Strategy

A plan of action designed to achieve a set of objectives and gain a competitive advantage in the market.

Selection Process

The series of steps employed by an organization to evaluate and choose the best candidates for a particular job.