Inflation
6 practice questionsEconomicsStep-by-step solutions
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1
Inflation refers to a sustained increase in what?
A.The general price level
B.Only one person's income
C.The number of firms only
D.The physical size of money
2
A direct effect of high inflation is a reduction in money's:
A.Purchasing power
B.Physical weight
C.Color
D.Legal status
3
Inflation is best described as a sustained increase in the:
A.Unemployment rate
B.General price level of goods and services
C.Money's purchasing power
D.Exchange rate only
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