High and Persistent Inflation Is Caused by

question 44

Multiple Choice

High and persistent inflation is caused by

• A)unions increasing wages too much.
• B)OPEC raising the price of oil too much.
• C)governments increasing the quantity of money too much.
• D)regulations raising the cost of production too much.

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Definitions:

Prima facie case

An established case proven by the facts until contradicted and overcome by other evidence.

Equal protection

A constitutional guarantee that no person or group will be denied the same protection of the laws that is enjoyed by other similarly situated individuals.

Constitutional guarantee

A commitment within a country's constitution that ensures certain rights and freedoms to its citizens.

Equal Protection clause

A provision in the Fourteenth Amendment of the U.S. Constitution that requires state governments to treat individuals in similar situations equally.