The Tendency for Inflation to Change Relatively Slowly from Year

question 112

Multiple Choice

The tendency for inflation to change relatively slowly from year to year in industrial countries is called:

• A)the inflation gap.
• B)inflation expectations.
• C)inflation inertia.
• D)potential inflation.

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Definitions:

Valid Contract

An agreement that has met all legal requirements, making it enforceable by law.

Inter Vivos

A transaction between living persons.

Causa Mortis

A legal term referring to the transfer of property made by an individual in anticipation of imminent death.

Per Stirpes

A legal term referring to the equal distribution of an estate to heirs according to their deceased ancestor's share.