Inflation Is

question 109

Multiple Choice

Inflation is

• A)A rise in the price of every good but not any service.
• B)An increase in relative prices of all goods and services.
• C)A situation in which purchasing power increases.
• D)An increase in the average level of prices of goods and services.

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Definitions:

Scienter

A legal term referring to the knowledge of the wrongful nature of one's own act or omission.

Burden of Proof

The obligation to prove one's assertion or claim in a court of law.

Civil Case

A legal dispute between two or more parties in which compensation or specific performance is sought, rather than criminal sanctions.

Criminal Case

A legal proceeding brought against an individual or entity accused of breaking the law, where guilt must be proven beyond a reasonable doubt.