Business
Business, 17.04.2020 22:49, cheetah810

Melita heard that there had been inflation last month. She laughed and did not believe it. When asked why not, she said that last week she spend less at the grocery store because the cost of food had come down.
Which of the following is the correct response?

A. Melita is right, all prices must be rising for there to be inflation.
B. Melita is right, if food prices are lower, so are all other prices.
C. Melita is wrong, food prices are not used to calculate the rate of inflation.
D. Melita is wrong, food prices may have fallen, but other prices have risen so the average price of goods is higher.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 05:20, RichardKing2376
What are the general categories of capital budget scenarios? describe the overall decision-making context for each.
Answers: 3
image
Business, 22.06.2019 08:30, bartonamber4042
What has caroline's payment history been like? support your answer with two examples
Answers: 3
image
Business, 22.06.2019 21:00, legazzz
Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations.
Answers: 1
image
Business, 23.06.2019 00:40, doublejojo214
What role do business cycles play in a market economy
Answers: 2
Do you know the correct answer?
Melita heard that there had been inflation last month. She laughed and did not believe it. When aske...

Questions in other subjects: