Economists Use the Term Inflation to Describe a Situation in Which

question 11

Multiple Choice

Economists use the term inflation to describe a situation in which

• A)some prices are rising faster than others.
• B)the economy's overall price level is rising.
• C)the economy's overall price level is high,but not necessarily rising.
• D)the economy's overall output of goods and services is rising faster than the economy's overall price level.

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Definitions:

Piaget

A Swiss psychologist known for his pioneering work on the development of children's cognitive abilities through stages.

Reflexes

Automatic, involuntary responses to specific stimuli that do not require conscious thought.

Birth

The process of coming into life or entering the world, typically involving a transition from the womb to an independent existence outside.

Scaffolding

An educational approach involving providing supportive structures to students to accomplish tasks they might not complete independently.