Inflation Can Be Defined As

question 151

Multiple Choice

Inflation can be defined as:

• A) the general rise in the level of output in an economy.
• B) the boom and bust cycles of an economy.
• C) the rise and fall of the general level of prices in an economy.
• D) the increase in the general level of prices in an economy.

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Definitions:

Reason

The capacity of the human mind to analyze, assess, and form judgments through logical thinking.

Sisyphus

A figure from Greek mythology who was condemned to repeatedly roll a huge boulder up a hill, only for it to roll back down, symbolizing eternal struggle.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.