What is Inflation?
A: Inflation is a decrease in the general level of prices.
B: Inflation is an increase in the general level of prices.
C: Inflation is a number that that compares prices in one year with prices with some earlier base year.
D: Inflation is measured in percentage rates that helps people.
A: Inflation is a decrease in the general level of prices.
B: Inflation is an increase in the general level of prices.
C: Inflation is a number that that compares prices in one year with prices with some earlier base year.
D: Inflation is measured in percentage rates that helps people.
举一反三
- The average level of United States prices grew very little from 1953 until the mid-1960’s when ____________. A: did inflation begin B: inflation began C: the beginning of inflation D: did the beginning of inflation
- Inflation is defined as ( ). A: an increase in the overall level of prices in the economy B: a period of rising productivity in the economy C: an increase in the overall level of output in the economy D: a period of rising income in the economy
- As the economy enters a boom we can generally expect that A: inflation will decrease with little change in the unemployment rate B: unemployment will increase and inflation will decrease C: nominal GDP will increase but only because of an increase in the price level D: inflation will increase and the unemployment rate will decrease E: output will increase with little change in unemployment or inflation
- In 2012,U.S.core inflation was 2.1 percent. This inflation rate A: is lower than the inflation rate the Fed accepts as creating stable prices. B: is about equal to the inflation rate the Fed accepts as creating stable prices. C: is more than 2 percentage points higher than the inflation rate the Fed accepts as creating stable prices. D: None of the above answers are correct because the Fed has never associated an inflation rate with stable prices.
- When aggregate demand increases faster than aggregate supply, prices go up. What is this an example of? A: Demand-pull inflation B: Cost-push inflation C: Per-worker productivity D: Deflation