A Rise in Prices Not Offset by Increases in Quality

question 144

Multiple Choice

A rise in prices not offset by increases in quality is called:

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

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Definitions:

Transcendentalism

A philosophical movement that emerged in the 1830s in the United States, emphasizing intuition, spirituality, and the inherent goodness of nature and humanity.

Second Great Awakening

A Protestant religious revival during the early 19th century in the United States, which led to the growth of evangelical denominations and sparked social reforms.

Market Revolution

A significant change in the U.S. economy in the early 19th century, driven by innovations in transportation, communication, and production that created a more interconnected market system.

Internal Borderland

A term used to describe areas within a country that lie on the margins of cultural, economic, or political power, often fostering unique identities or conflicts.