If the CPI Was 125 This Year and 120 Last

question 102

Multiple Choice

If the CPI was 125 this year and 120 last year,then

• A)the cost of the CPI basket of goods and services increased by 4.2 percent this year.
• B)the price level increased by 4.2 percent this year.
• C)the inflation rate for this year was 4.2 percent.
• D)All of the above are correct.

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Definitions:

Inherent Trait Approach

The perspective that leadership capabilities are natural qualities that individuals are born with.

Group-Oriented Decision Process

A decision-making methodology that involves the input and consensus of the group to reach a collective decision.

Path-Goal Theory

A leadership theory that suggests leaders should adjust their leadership style based on the situation to help followers achieve their goals.

Leadership

involves the art of motivating a group of people towards achieving a common goal with competence, vision, and careful plan execution.