Moderate Inflation Means That the

question 81

Multiple Choice

Moderate inflation means that the

• A) price level remains roughly constant from one year to the next.
• B) inflation rate is zero.
• C) inflation rate remains roughly constant from one year to the next.
• D) inflation rate remains between 1% and 3% per year.
• E) inflation rate remains between 3% and 6% per year.

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Definitions:

Developed Countries

Nations with a high level of economic development, typically characterized by a high gross domestic product (GDP) per capita.

Leveled Off

A state where a variable, after a period of growth or decline, stabilizes and shows no significant change.

Biodiesel

A renewable, clean-burning diesel substitute produced from a variety of biomass sources, such as vegetable oils and animal fats.

Economically Viable

The ability of a project or business to generate a profit or sufficient benefits to cover its expenses and provide a return on investment.