A Change in the Price of a Key Commodity Such

question 142

Multiple Choice

A change in the price of a key commodity such as oil, usually because of a shortage, that causes a shift in the inflation adjustment line is known as a

• A)commodity shock.
• B)price shock.
• C)price revamping.
• D)disinflation.
• E)None of these

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Definitions:

Breaches

Instances of violation or non-compliance with laws, regulations, contracts, or standards.

Agency Agreement

A contract between two parties where one (the agent) agrees to represent or act on behalf of the other (the principal) in business dealings.

Avoid

To keep away from or refrain from engaging in something, often due to potential risks or negative outcomes.

Equal Dignity Rule

A rule requiring that an agent’s authority be in writing if the contract to be made on behalf of the principal must be in writing.