Economists use the term inflation to describe a situation in which
a. some prices are rising faster than others.
b. the economy's overall price level is rising.
c. the economy's overall price level is high, but not necessarily rising.
d. the economy's overall output of goods and services is rising faster than the economy's overall price level.
b
Economics
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What was the main cause behind the Black Wednesday in the 1990s?
What will be an ideal response?
Economics
Refer to the above figure. The figure represents the saving function for the consumer. Point B represents
A. the amount of autonomous consumption. B. a situation in which saving is positive. C. a situation in which saving is negative. D. the point at which saving equals zero.
Economics