Over the Last 70 Years, the Average Annual U

question 362

Multiple Choice

Over the last 70 years, the average annual U.S. inflation rate was about

• A)2 percent, implying that prices have increased 10-fold.
• B)4 percent, implying that prices have increased 10-fold.
• C)2 percent, implying that prices have increased 16-fold.
• D)4 percent, implying that prices increased about 16-fold.

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Definitions:

Appraiser

An appraiser is a professional who assesses and determines the market value of assets, such as real estate or personal property.

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An equilibrium state in the market where demand equals supply, thereby stabilizing prices.

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A type of citrus fruit known for its sour taste, often used in cooking and beverages.