Inflation Is an Increase in the Average Level of Prices

question 141

True/False

Inflation is an increase in the average level of prices of goods and services.
On average,prices rise by the inflation rate,but some may rise faster or slower than the inflation rate.

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Definitions:

CERCLA

Comprehensive Environmental Response, Compensation, and Liability Act; a federal law designed to clean up sites contaminated with hazardous substances.

Hazardous Waste

Waste material that can pose a threat to public health or the environment due to its toxic, corrosive, ignitable, or reactive properties.

Superfund

A program by the U.S. federal government aimed at financing the remediation of locations polluted with hazardous materials and substances.

Strict Liability

A legal principle where a party is held responsible for damages or losses without need to prove negligence or fault.