Inflation Exists When

question 186

Multiple Choice

Inflation exists when

• A) the prices of ALL goods and services are rising.
• B) the purchasing power of money is increasing.
• C) the average price level is rising,although some prices may be falling.
• D) the prices of basic necessities are increasing.
• E) wages and the price of oil are rising.

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Definitions:

Losing Party

is the individual or group that does not prevail in a legal contest, having the court's decision rendered against them.

Higher Court

A court of law that has the authority to hear appeals and review cases from lower courts.

Appeal

The process of seeking a higher court's review of a lower court's decision with the goal of having it reversed or modified.

Appellate Courts

Courts that review and reconsider cases previously judged in lower courts to ensure the law was applied correctly.