Answer:
The consumer price index is used to measure the quantity of goods and services that the economy is producing.
Explanation:
CPI or consumer price index is a measure of changes in the average prices of a basket of products and services in a given time. The selected goods and services are a fair representation of consumption expenditure in the economy. Economists use the CPI as a Macroeconomic indicator of inflation.
As a measure of inflation, the CPI statistics communicate increases or decreases in the prices of goods and services in the economy. It forms a basis for policy decisions by the government that aid in the prevention of reduced purchasing power of the dollar. CPI is all about changes in prices and nothing to do with the production of goods and services.
Answer:
Inflationary Pressure
Explanation:
Inflationary pressures are the underlying causes of inflation. These pressures are the reason that the production of goods increases to meet or exceed consumer demand or that prices increase due to lack of supply. Inflationary pressures cause the economy to adjust as a result of supply and demand.
Answer: Option B
Explanation: In simple words, theory X refers to the type of management style under which the manager have a perception that his or her subordinates are incompetent employees with less motivation and irresponsible nature.
These managers strictly monitors their subordinates and use aggressive style of management to get work done. Under such management style the delegation of authority and decentralization does not takes place.
Generally, the relationship of such managers with their subordinates are very formal and remains occupied within the firm. Under such management style all the employees have to work by following a predetermined framework and there is very less flexibility in the job.
The answer is Inelastic Demand. Hope this helps!!!
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