Inflation Means

question 5

Multiple Choice

Inflation means

• A)Specific prices are rising,and relative prices are falling.
• B)Both relative prices and average prices are rising.
• C)Relative prices are rising,but it is not certain what is happening to average prices.
• D)Average prices are rising,but it is not certain what is happening to relative prices.

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Definitions:

Types Of Accounts

Types of accounts refer to the various categories under which financial transactions are recorded in accounting, including assets, liabilities, equity, revenue, and expenses.

Normal Balance

The side (debit or credit) of an account that is expected to have a greater value, based on the accounting equation.

Onscreen Forms

Digital or virtual forms displayed on a computer or other digital device's screen, allowing for electronic data entry.

QuickBooks

Accounting software designed for small to medium-sized businesses, offering on-premise accounting applications as well as cloud-based versions.