Rising Inflation Means

question 101

Multiple Choice

Rising inflation means

• A) that the price level is increasing by a given percentage rate.
• B) that the prices of all goods and services increase from year to year.
• C) that the price level is rising at an increasing rate.
• D) that the price level is rising at a variable rate.

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Definitions:

Federal Reserve Act

A law enacted in 1913 that established the Federal Reserve System, which is the central banking system of the United States, designed to provide the country with a safer, more flexible, and more stable monetary and financial system.

Central Banking System

The institution that manages a country's currency supply, monetary policy, and financial institutions, usually aiming to ensure economic stability.

Progressive Reforms

Initiatives and policies aimed at addressing social injustice, corruption, and economic inequality in the early 20th century United States.