When the Consumer Price Index Falls from 110 to 100

question 154

Multiple Choice

When the Consumer Price Index falls from 110 to 100

• A)there is inflation of 9.1% and the value of money decreases.
• B)there is deflation of 9.1% and the value of money increases.
• C)there is deflation of 10% and the value of money increases.
• D)there is inflation of 10% and the value of money decreases.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to an increased interconnectedness of the world's economies, cultures, and populations.

UCC

The Uniform Commercial Code represents a detailed collection of regulations that manage every commercial transaction across the United States, aiming to standardize the legislation related to sales and various commercial activities.

Sale of Goods

The sale of goods is a commercial transaction where the ownership of tangible personal property is transferred from seller to buyer for a price.

Unilateral Contract

A contractual agreement in which one party makes a promise in return for an act by another party.