When Changes in Nominal Prices Are Confused with Changes in Real

question 87

Multiple Choice

When changes in nominal prices are confused with changes in real prices,people experience:

• A) consumer bias.
• B) inflationary delusion.
• C) cyclical price confusion.
• D) money illusion.

---

Definitions:

Starting Point Of CSR

The conceptual origin or initial step in adopting Corporate Social Responsibility, where a company acknowledges its responsibility towards society and the environment beyond profit-making activities.

Environmentalism

Environmentalism is a broad philosophy and social movement that seeks to conserve and improve the natural environment through changes in public policy and individual behavior.

Codes Of Ethics

Written guidelines issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and ethical standards.

CSR

Corporate Social Responsibility, the practice of companies taking responsibility for their impact on social, environmental, and economic factors.