Sustained Inflation Is

question 213

Multiple Choice

Sustained inflation is

• A) the same as hyperinflation.
• B) also called stagflation.
• C) a constant increase in the price of one product or service in the economy.
• D) an increase in the overall price level that continues over a significant period of time.

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Definitions:

Trade Unions

Organizations formed by workers from related sectors or professions to protect their collective interests, negotiate wages, and improve working conditions.

Shunto

A term specifically used in Japan, referring to the annual spring wage negotiations between labor unions and employers.

Legal Rights

Entitlements or permissions given to individuals or entities by the legal system.

Socialist Movement

A political and social movement that advocates for the ownership and regulation of the means of production and distribution by the community as a whole.