The inflation rate is a:
a. percentage decrease in price level.
b. percentage increase in price level.
c. sustained increase in relative prices.
d. sustained decrease in relative prices.
e. sudden increase in the weighted average of all prices.
b
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Which of the following statements is true about falling birthrates?
A. They tend to lag behind falling death rates, allowing population growth to continue for at least one or two more generations. B. They tend to precede declines in death rates, causing a temporary dip in population before it stabilizes in a generation or two. C. They tend to lag behind declining standards of living. D. They always cause population to decline.
When some people do not act rationally, others can profit from that irrationality.
Answer the following statement true (T) or false (F)