Choose the Word or Phrase in [ ] Which Will

question 127

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A letter of last instruction [is | is not] a legally enforceable document.

---

Definitions:

High Inflation

A situation of rapidly increasing prices in an economy, reducing purchasing power over time.

High Unemployment

refers to a situation where a substantially higher percentage of the workforce is not engaged in employment, suggesting economic distress.

Inflation

The swell in the general price range for goods and services, shrinking the buying power of consumers.

Deflation

A decrease in the general price level of goods and services, often accompanied by a reduction in the money supply and credit.