Which of the following statements about prices and inflation is not correct?

a prices generally increase at the same rate across most periods of time.
b inflation represents a general rise in prices over periods of time.
c the price level measures the average prices of goods and services across the economy.
d the inflation rate shows the percentage change in prices across periods of time.

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery