Following the Savings & Loan Scandal of the 1980s,the Government

question 24

True/False

Following the Savings & Loan scandal of the 1980s,the government has declared a war on white-collar criminals by prosecuting most of them.

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Definitions:

Rate of Inflation

The percentage increase in the general level of prices for goods and services in an economy over a given period.

Lagging Economic Indicator

Refers to statistics that tend to change after the economy has already begun to follow a particular trend, and are used to confirm patterns seen in leading indicators.

Unemployment Rate

The proportion of the workforce that is unemployed and actively looking for work.

Price Level

An index indicating the general pricing trends in an economy, reflecting the cost living and purchasing power.