Which of the following does not create a specific price level change?
A)change in production technology
B)change in the rate of inflation
C)changes due to supply and demand
D)changes in the number of competing suppliers

Question

Quizplus · Accepted Answer

A change in the rate of inflation does not directly create a specific price level change. Inflation itself represents a general increase in prices over time, but it is the result of various factors such as changes in the money supply, interest rates, and economic growth. The other choices listed - changes in production technology, supply and demand, and the number of competing suppliers - all have a more direct impact on the specific prices of goods and services.

Which of the Following Does Not Create a Specific Price