Multiple Choice
________ is an increase in the price level, while ________ is an increase in the price of one good in comparison to other goods and services.
A) Inflation; hyperinflation
B) A relative price increase; inflation
C) Hyperinflation; inflation
D) Inflation; a relative price increase
Correct Answer:

Verified
Correct Answer:
Verified
Q22: An inflation rate of over 500 percent
Q23: The real cost of borrowing is unchanged
Q24: The consumer price index measures the cost
Q25: The consumer price index for Planet Econ
Q26: Inflation-protected bonds guarantee investors:<br>A)no real wealth loss
Q28: If workers and employers agree to a
Q29: All of the following are nominal quantities
Q30: The nominal interest rate is the:<br>A)annual percentage
Q31: A labor contract provides for a first-year
Q32: A factory worker earned $10 an hour