Extremely Rapid Increases in the Average Price Level Are Known

question 25

Multiple Choice

Extremely rapid increases in the average price level are known as:

• A) the money illusion.
• B) megaflation.
• C) deflation.
• D) hyperinflation.

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Definitions:

Civil Liberties

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Socialist Party

Political party demanding public ownership of major economic enterprises in the United States as well as reforms like recognition of labor unions and woman suffrage; reached peak of influence in 1912 when presidential candidate Eugene V. Debs received over 900,000 votes.

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