A Period of Very Rapid Increase in the Overall Price

question 114

Multiple Choice

A period of very rapid increase in the overall price level is known as

• A) stagnation.
• B) hyperinflation.
• C) stagflation.
• D) depression.

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Definitions:

Publisher Mean

A statistical metric that represents the average or mean score of all participants on a particular test as determined by the test's publisher.

Nominal Scale

A scale of measurement in which numbers are arbitrarily assigned to represent different categories or variables. The only math that can be applied to these numbers is calculation of the mode.

Arbitrarily Assigned

Assignments or classifications made without any specific criteria or reason, relying on random choice.

Interval Scale

A scale of measurement in which there are equal distances between measurements but no absolute zero reference point.