When Prices Are Increasing at a Rate of 6 Percent

question 51

True/False

When prices are increasing at a rate of 6 percent, the cost of products would double in about 12 years.

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Definitions:

Pueblo Revolt

A 1680 uprising of Pueblo Native Americans against Spanish colonization in the province of Santa Fe de Nuevo México, leading to the expulsion of the Spanish for 12 years.

Zheng He

A Chinese mariner, explorer, diplomat, and fleet admiral who commanded expeditionary voyages to Southeast Asia, South Asia, Western Asia, and East Africa from 1405 to 1433.

Americas

A term referring to the combined continents of North America and South America.

Freedom

The state of being free or at liberty rather than in confinement or under physical restraint, often associated with the rights and autonomy of individuals.