Inflation Is

question 109

Multiple Choice

Inflation is

• A)A rise in the price of every good but not any service.
• B)An increase in relative prices of all goods and services.
• C)A situation in which purchasing power increases.
• D)An increase in the average level of prices of goods and services.

---

Definitions:

Ego

In psychoanalytic theory, the part of the psyche that mediates between the instinctual desires of the id, the moral and social demands of the superego, and reality.

Rule-Oriented

Pertains to systems, behaviors, or activities that are governed by a specific set of rules or protocols.

Moral

Being related to principles of right and wrong behavior, moral often refers to the ethical judgments and actions considered acceptable by a society or individual.

Ethical

Relating to moral principles or the branch of knowledge dealing with these, often guiding conduct in personal and professional contexts.