Which Country Is Correctly Matched with Its 2015 Inflation Rate

question 17

Multiple Choice

Which country is correctly matched with its 2015 inflation rate?

• A)9 percent inflation in the United States.
• B)3.6 percent inflation in Russia.
• C)59 percent inflation in Venezuela.
• D)4.9 percent inflation in India.

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Definitions:

Inflation

A sustained increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in the purchasing power of currency.

Government Policies

Government policies are the actions and strategies that governments implement to achieve specific objectives, including economic stability, growth, and social welfare.

Efficiency

The ability to achieve a desired result without wasted energy or resources.

Quantity of Money

The sum of cash and bank deposits circulating in an economy at a particular moment.