The Inflation Rate

question 25

Multiple Choice

The inflation rate

• A) was higher in the 1990s than during the 1970s.
• B) increases the standard of living for people on fixed incomes.
• C) is the rate at which prices in general are increasing over time.
• D) is roughly equal in most countries.
• E) rises during recessions,along with the unemployment ratE.

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Definitions:

RRSP

Registered Retirement Savings Plan, a Canadian investment account for holding savings and investment assets, aimed at providing retirement income.

Contributions

Money, time, or resources given to support a cause, organization, or project.

Monthly Payments

Regular payments made once a month, often in the context of repaying loans or mortgages.

Borrow

The action of receiving something from another party with the intention of returning it or its equivalent at a later date.