Sustained inflation is
A. an increase in the overall price level that continues over a significant period of time.
B. also called stagflation.
C. the same as hyperinflation.
D. a constant increase in the price of one product or service in the economy.
Answer: A
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A firm that is the only seller of a product and is in sole control of a market has a
A) monopoly. B) quantity regulations. C) subsidy. D) public good.
Explain what are the factors that shift the DD Schedule
What will be an ideal response?
Using the scenario above explain how this could have happened?
What will be an ideal response?
If the exchange rate has been $1.50 per British pound but now falls to $1.25 per British pound, there will be
a. more U.S. imports from Great Britain because the price of pounds has fallen b. more exports to Great Britain because the price of pounds has risen c. fewer exports to Great Britain because the price of the pound has risen d. more U.S. exports to Great Britain since the price of the dollar has fallen e. no change in either exports or imports