What is the difference between inflation and deflation?
A) Inflation is a sustained decrease in the price level whereas deflation is a sustained increase in the price level.
B) Inflation is a sustained increase in the price level whereas deflation is a sustained decrease in the price level.
C) Inflation is a measure of relative prices whereas deflation is a sustained increase in the price level.
D) None of the above.
B
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For how long must most hedge fund investors wait before withdrawing funds?
A) 1 to 3 days B) 1 to 3 weeks C) 1 to 3 months D) 1 to 3 years
Food Fanatics caters meals where their cost for producing an extra meal is $20 . Each of their meals is standard and sells for $25 . At this rate what should the company do?
a. Produce more meals and increase their profit b. Produce fewer meals and increase their profit c. Not change production d. None of the above