A Large Number of Recent Credit Inquiries Suggests

question 65

Multiple Choice

A large number of recent credit inquiries suggests

• A)you have a high BEACON score.
• B)you are having trouble getting credit.
• C)you have a good rating with many financial institutions.
• D)you are very diligent in tracking your credit information.

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Definitions:

Short-Run Phillips Curve

A graphical representation showing the short-term trade-off between inflation and unemployment rates.

Inflation

The rate of increase in the collective pricing for goods and services, lessening consumer purchase strength.

Less Optimistic

Feeling or expressing a lower expectation that good events will occur or that negative events will not happen.

Phillips Curve Diagram

A graphical representation showing the inverse relationship between the rate of inflation and the rate of unemployment in an economy over time.