Inflation is:
a. a reduction in everyone's standard of living
b. a rise in the real prices of all goods and services.
c. a general and continuing rise in the money prices of goods and services.
d. a continuing rise in everyone's standard of living.
e. an increase in the value of money compared to the value of goods.
c
Economics
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In the equation of exchange, the variable whose value must be computed from the other variables is the
A) price level. B) quantity of output. C) quantity of money. D) velocity of money.
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Which of the following involves payment of part of the face value or principal prior to maturity?
A) fixed-payment loan B) coupon bond C) discount bond D) simple loan
Economics