Which of the following scenarios shows evidence of inflation?
A) You go to the soda machine and realize that a bottle of Fanta now costs 15 cents more.
B) You visit the local grocery store and see that your favorite chips are on sale for today only.
C) Your favorite bakery has changed ownership, and the cakes now seem to be lower in quality.
D) Your friend lends you $1,000 and asks for 2% interest.
Correct Answer:
Verified
Q1: Inflation is a:
A)rise in the economic growth
Q2: Deflation is a:
A)rise in the economic growth
Q4: Which of the following scenarios shows evidence
Q5: The consumer price index is an index
Q6: The Producer Price Index is an index
Q7: The GDP deflator is an index that
Q8: The table shows consumer price index
Q9: The table shows consumer price index
Q10: The table shows consumer price index
Q11: The table shows consumer price index
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