Suppose the Price of a Gallon of Ice Cream Rises

question 54

Multiple Choice

Suppose the price of a gallon of ice cream rises from $4 to $5 and the price of a can of coffee rises from $2 to $2.50.If the CPI rises from 150 to 177,then people likely will buy

• A)more ice cream and more coffee.
• B)more ice cream and less coffee.
• C)less ice cream and more coffee.
• D)less ice cream and less coffee.

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Definitions:

Feedback Loop

A system structure where the output or the process is fed back in a circuitous route to the input to control, adjust, or stabilize operations, commonly seen in both engineering and biological systems.

Employed

pertains to being hired and working under a contract for a company or an individual, contributing labor in exchange for compensation.

Word-to-File Move

A process in programmable logic controllers (PLCs) where data is moved from one or more word-sized locations to a file or array.

File-to-File Move

A operation in computing where data is transferred directly from one file to another within the same or between different storage mediums.