Which of the following is the correct definition of inflation?
A. an increase in the general level of prices of products in an economy over a period of time
B. the rise in the amount of goods and services that can be purchased for a specific amount of money
C. a decline in gross domestic product for two or more consecutive quarters
D. a decline in consumer confidence about the overall state of the economy and their own personal finances
E. the rise in the rate of unemployment due to a slowing economy
Answer: A
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Fill in the blank(s) with the appropriate word(s).
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A) Business laws are enforced only in international markets and not in local markets. B) Business laws fail to prevent unfair competition among the different companies in a market and tend to encourage monopolies. C) Business laws usually remain constant over time. D) Local, national, and state business laws rarely overlap with one another. E) Business laws that are enforced by government agencies have a major impact on a company's marketing performance.
The Federal Consumer Credit Protection Act (FCCPA) has placed a complete ban on wage assignments
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An experiment consists of three steps. There are four possible results on the first step, three possible results on the second step, and two possible results on the third step. The total number of experimental outcomes is
a. 9. b. 14. c. 24. d. 36.