Multiple Choice
To an economist, the term "inflation" refers to:
A) any price increases.
B) a continually rising price level.
C) a one-time change in the average price level.
D) increases in prices of important goods like food and energy.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q94: What should be the impact on aggregate
Q95: Empirical evidence suggests that over the last
Q96: How would the discovery of a previously
Q97: What would be the impact on the
Q98: Temporary changes in inflation lead to adjustments
Q99: Business cycles are viewed as:<br>A) movements in
Q101: If the level of current output suddenly
Q102: Evidence seems to point out that just
Q103: Short-run movements in inflation and output are
Q104: In the short run, the point on