Periods in Time That Experience Increasing Price Levels Are Known

question 17

Multiple Choice

Periods in time that experience increasing price levels are known as periods of

• A) inflation
• B) recession
• C) depression
• D) deflation

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Definitions:

Soybeans

A leguminous plant from East Asia, extensively cultivated for its consumable beans that serve in a multitude of edible goods and as a source for oil.

Alfalfa

A perennial flowering plant widely cultivated as fodder for livestock due to its high nutrient content.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choice.

Car

A motor vehicle with wheels designed for transport, usually propelled by an internal combustion engine or an electric motor.