Nominal incomes generally increase with inflation because
a. when inflation is anticipated, average nominal incomes also increase by the same percentage as the rate of inflation.
b. even anticipated inflation causes average nominal incomes to fall as prices increase.
c. when inflation is anticipated, real incomes also increase by the same percentage as inflation.
d. when inflation is unanticipated, average nominal incomes also increase by the same percentage as inflation.
since nominal incomes increase with inflation,
a. unexpected inflation does not affect the purchasing power of the average consumer.
b. expected inflation increases the purchasing power of the average consumer.
c. expected inflation does not affect the purchasing power of the average consumer.
d. expected inflation reduces the purchasing power of the average consumer.

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

Increases in output and increases in the inflation rate have been linked to

Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer