One of the most widely reported measure of inflation is the consumer price index

Refer to the scenario above. If Joseph prefers fairness to money, ________

A) he will not accept any offer made by Phillip B) he will always accept any offer made to him C) he will accept the offer if offered an equal share of the money D) Phillip will offer the minimum amount of money to Joseph

In 1973, the U.S. experienced a decline in output and high inflation

a. True b. False Indicate whether the statement is true or false