The Best Definition of Inflation Is A(n)

question 99

Multiple Choice

The best definition of inflation is a(n) :

• A) temporary increase in prices.
• B) increase in the price of one important commodity such as food.
• C) persistent increase in the general level of prices as measured by a price index.
• D) increase in the purchasing power of the dollar.

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Definitions:

Police Power

The states’ power to regulate to promote the public health, safety, morals, and welfare.

Strict Scrutiny

The most rigorous standard of judicial review used by courts to assess the constitutionality of laws, requiring a compelling government interest.

Interstate Commerce

Commercial transactions or transportation activities that cross state boundaries, regulated by federal government.

Means-Ends Test

A method of determining the constitutionality of a legislation by analyzing the relationship between the law's goals and the means chosen to achieve those goals.