________ is an increase in the price level, while ________ is an increase in the price of one good in comparison to other goods and services.
A. Hyperinflation; inflation
B. Inflation; hyperinflation
C. Inflation; a relative price increase
D. A relative price increase; inflation
Answer: C
You might also like to view...
If a firm is experiencing economies of scale, then as the firm's output rises, its average total cost ________.
A. becomes negative B. falls C. rises D. does not change
The open areas on a Strategic map may be opportunities termed:
Red Oceans Blue Oceans Cool Oceans Hot Oceans
Refer to the diagram, which shows demand and supply conditions in the competitive market for product X. Given D0, if the supply curve moved from S0 to S1, then
What will be an ideal response?
The situation in which investors choose to put their funds in a safe asset during uncertain times is known as
A) hedging. B) speculation. C) flight to quality. D) arbitrage.