If the Inflation Rate Is 10 Percent, Products That Used

question 192

Multiple Choice

If the inflation rate is 10 percent, products that used to cost $80 cost ________ a year later.

• A) $90
• B) $88
• C) $81
• D) $70
• E) $800

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Definitions:

American Political System

The governance framework in the U.S. characterized by democracy, federalism, and a constitutional division of powers among the executive, legislative, and judicial branches.

Eugene V. Debs

An American socialist, political activist, and trade unionist, one of the founding members of the Industrial Workers of the World, and five times the candidate of the Socialist Party of America for President of the United States.

Jacob Coxey

An American political activist who led Coxey's Army, a protest march to Washington, D.C., in 1894, advocating for the creation of jobs during an economic depression.

William Jennings Bryan

A prominent American orator and politician from the late 19th and early 20th centuries, known for his advocacy for Populism and free silver, and for being a three-time Democratic presidential candidate.