Which of the Following Is Not Correct

question 7

Multiple Choice

Which of the following is not correct?

• A)The inflation rate is measured as the percentage change in a price index.
• B)For the last 40 or so years,U.S.inflation hasn't shown much variation from its average rate of about 2 percent.
• C)During the 19th century there were long periods of falling prices in the U.S.
• D)Some economists argue that the costs of moderate inflation are not nearly as large as the general public believes.

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Definitions:

Negligence

A failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Actual Fraud

Refers to intentional deception made for personal gain or to damage another individual.

Material Fact

An important fact that if known might influence a decision maker’s decision, such as in a contract negotiation or in the dissemination of information to investors.

Mislead

To cause someone to have a wrong idea or impression about someone or something.