Which of the Following Best Describes the Evolution of Inflation

question 114

Multiple Choice

Which of the following best describes the evolution of inflation in Canada?

• A)It has been relatively constant over the past 70 years.
• B)The inflation rate was constant at 7 percent annually for most of the twentieth century.
• C)During 1990s, prices rose at an average rate of about 2 percent per year.
• D)There was deflation during the 1990s.

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Definitions:

Prosecuted

The process by which a person is charged with a crime and brought to trial, typically by government authorities.

Crime Victims

Individuals who suffer harm due to criminal activities and may be entitled to certain rights and protections under the law.

Public Official

An individual holding a position of authority in government, responsible for making or enforcing laws and public policies.

Criminal Statute

A criminal statute is a law passed by a legislative body that defines criminal offenses and prescribes the penalties for such offenses.