A percentage increase in the overall price level is called

Employers tailor compensation packages to attract employees who will give them a competitive edge in the market

Indicate whether the statement is true or false

Which of the following is a problem inherent in centrally planned economies?

A) There are no problems and everyone, including consumers, is satisfied. B) There is too much production of low-cost, high-quality goods and services. C) Production managers are more concerned with satisfying government's orders than with satisfying consumer wants. D) Unemployment is too high.