The Continuing Rise in the Overall Price Level Is Called

question 64

Multiple Choice

The continuing rise in the overall price level is called _____.

• A)inflation
• B)deflation
• C)recession
• D)boom
• E)depression

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Definitions:

Federal Government

The national government of a federated country, which holds the overall political authority over that nation.

Implied Covenant

An implied covenant refers to unstated obligations in a contract that are assumed to exist in order to ensure fairness and the fulfillment of the contract's purpose.

Good Faith

Honesty in fact.

Employment-at-will Doctrine

A legal principle stating that an employment relationship can be terminated at any time by either the employer or the employee, for any reason not prohibited by law.