Inflation is a rise in
A. the general level of prices over time.
B. unemployment over time.
C. real GDP over time.
D. the standard of living over time.
Answer: A
Economics
You might also like to view...
In The General Theory of Employment, Interest, and Money, Keynes rejected the idea that
a. a capitalist economy always gravitates toward high levels of employment. b. budget deficits necessarily cause recessions and inflation. c. the ultimate breakdown of the capitalist system is inevitable. d. international trade always helps to achieve economic stability.
Economics
The 1960s are remembered by most economists as a period of
a. very high rates of inflation. b. very high rates of unemployment. c. price controls and low inflation. d. noninflationary growth. e. all of the above.
Economics