Inflation Can Be Measured by the

question 2

Multiple Choice

Inflation can be measured by the

• A)change in the consumer price index.
• B)percentage change in the consumer price index.
• C)percentage change in the price of a specific commodity.
• D)change in the price of a specific commodity.

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Definitions:

Political Parties

Organized groups of people with similar political aims and opinions, seeking to influence public policy by getting their candidates elected to public office.

Party Systems

The system of political parties operating within a country, defined by their number, organization, and competition dynamics.

Major Political Parties

The dominant political parties in a political system that have the greatest influence over policy and politics, typically holding the majority of positions in government.

Democracy

A form of government in which power is vested in the hands of the people, who may exercise it directly or through representatives elected by them.