Which of the following constitutes inflation?
A. an increase in medical care costs
B. a one time increase in average level of prices
C. an increase in the market interest rate
D. a sustained increase in the average level of prices
Ans: D. a sustained increase in the average level of prices
Economics
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Which of the following is NOT a benefit to an individual purchasing a mutual fund?
A) reduced risk B) lower transactions costs C) free-riding D) diversification
Economics
By the end of the colonial period in U.S. history, slaves in the colonies
(a) owned land communally. (b) had status in courts. (c) helped meet a labor need. (d) were born in Europe and shipped to the colonies.
Economics