If There Is Inflation, Then a Firm That Has Kept

question 54

Multiple Choice

If there is inflation, then a firm that has kept its price fixed for some time will have a

• A)high relative price.Relative-price variability rises as the inflation rate rises.
• B)high relative price.Relative-price variability falls as the inflation rate rises.
• C)low relative price.Relative-price variability rises as the inflation rate rises.
• D)low relative price.Relative-price variability falls as the inflation rate rises.

---

Definitions:

Heterogeneous Work Group

A team composed of members with diverse backgrounds, skills, and perspectives.

Differing Backgrounds

Refers to the various cultural, educational, experiential, and socioeconomic histories that individuals come from, enhancing diversity in a workplace or society.

People-Centered Management

An approach to management that prioritizes the needs, well-being, and development of employees in the decision-making processes of an organization.

Irregular and Varied

Describes activities or work patterns that do not follow a consistent or uniform schedule.