Economists define inflation as
The price of necessities like food and gasoline.
How fast on average prices are rising in a given period of time
The value of the dollar
Average house prices in a given area
How fast on average prices are rising in a given period of time
Economics
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A fall in the government's budget deficit will lower
A) equilibrium GDP and consumption. B) consumption and saving. C) saving and GDP. D) All of the above are correct.
Economics
A monopoly faces an inverse demand curve of P = 100 - 2Q. The marginal cost curve is MC = .5Q. What government price ceiling would represent optimal price regulation?
What will be an ideal response?
Economics