According to the Text, Areas Undergoing Gentrification Are Often Found

question 32

Multiple Choice

According to the text, areas undergoing gentrification are often found ________.

• A)close to the core of the city, near the CBD
• B)in the older suburbs
• C)in the outer zone of middle-class homes
• D)near the city's edge

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Definitions:

Economy's Price Level

The general level of prices for goods and services across an economy, indicating the purchasing power of the country's currency.

Labor Force

The total number of people employed and unemployed, available for work, and actively seeking employment.

Cost-Push Inflation

Inflation caused by an increase in the costs of production, such as higher wages or material costs, leading to decreased aggregate supply.

Union Wage

The standard wage rate established through collective bargaining by unions on behalf of their members.