Inflation is a(n)
a. artificial increase in the value of the dollar.
b. general rise in prices over time.
c. tax on imported goods.
d. means by which the government can control the value of the dollar against foreign currencies.
e. unimportant factor in determining the overall state of the economy.
ANS: B
You might also like to view...
The type of congressional-executive interaction is shaped by which of the following factors?
a. The type of issue involved b. Congress's tendency to be a reactive body c. Divided versus unified government d. All of the above are true.
The National Security Council includes all of the following EXCEPT the
A) Speaker of the House. B) chairman of Joints Chiefs of Staff. C) vice president. D) secretary of state. E) secretary of defense.
Violations of the moral principle of freedom of the seas for neutral states and the practice of impressment were associated with America's involvement in
a. the War of 1812. b. the Spanish-American War. c. World War I. d. World War II. e. the Mexican War.
The Gulf War aimed to
a. eliminate communism. b. establish democracy in Iraq. c. gain control of Middle Eastern oil reserves. d. liberate Cuba. e. reverse Iraq’s invasion of Kuwait.