When There Is Inflation in the Economy, It Implies That

question 77

Multiple Choice

When there is inflation in the economy, it implies that the

• A) price index is rising and the purchasing power of money is also rising.
• B) price index is falling and the purchasing power of money is also falling.
• C) price index is falling and the purchasing power of money is rising.
• D) price index is rising and the purchasing power of money is falling.

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Definitions:

Belongingness

Belongingness is the human emotional need to be an accepted member of a group, whether it is family, friends, co-workers, or a larger organization.

Maslow

American psychologist who developed the hierarchy of needs, a theory in psychology that prioritizes fundamental human wants and desires crucial for individual growth.

Self-actualization

The realization or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.

Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory in psychology that prioritizes human needs into a five-tier model of motivation.