If the Price Level for the Last Three Months Has

question 269

Multiple Choice

If the price level for the last three months has been 112, 125, and 126, we would say

• A) inflation has been constant over the three months.
• B) inflation was more rapid between the first and second month than between the second and third month.
• C) inflation was less rapid between the first and second month than between the second and third month.
• D) inflation has steadily increased over the three months.

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Definitions:

1790

A year significant for the initiation of the first United States Census, marking a foundational aspect of the country's demographic record-keeping.

Shays's Rebellion

An armed uprising in western Massachusetts in 1786-1787, led by Daniel Shays, protesting economic injustices and seeking relief from debt and foreclosure.

1790 Naturalization Act

The first law in the United States to establish a national framework for the naturalization of foreign citizens, which limited this process to "free white persons."