If Inflation Causes the Demand for Houses to Increase More

question 17

Multiple Choice

If inflation causes the demand for houses to increase more rapidly than the demand for other goods,the economy has experienced which effect of inflation?

• A)Equity
• B)Efficiency
• C)Output
• D)Input
• E)None of the above

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Definitions:

Check Register

A record kept to track written checks, deposits, and withdrawals in a checking account, aiding in account reconciliation and financial management.

Stock Purchases Register

A ledger or record keeping log for tracking all purchases of stock inventory over a period.

Voucher System

An accounting system used to authorize and record transactions such as purchases or sales.

Purchases Journal

A record of all purchases of goods and services on credit, aimed at simplifying the accounting process.