What is creeping inflation?
a. Inflation that continues to rise but slowly.
b. Inflation that suddenly appears without warning.
c. Price levels that suddenly rise without warning.
d. Price levels that continue to rise but slowly.
e. Inflation that suddenly appears and creates panic.
D
You might also like to view...
Which of the following is most important for the achievement of higher income levels and living standards?
What will be an ideal response?
Which of the following is an example of capital?
A. Money B. A bulldozer C. A CD D. A U.S. Savings bond
You need a new computer, and you will need a loan in order to buy one. Which lender is most likely to charge you the highest interest rate on your loan?
(A) Savings bank (B) Savings and loan association (C) Credit union (D) Finance company
What does full employment mean?
(A) There is no cyclical unemployment. (B) Those who want to work have full-time jobs. (C) Every person who wants to work has a job. (D) Approximately 80 percent of people have jobs.