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Questions and Answers
What is inflation?
What is inflation?
- The rate at which prices for goods and services fluctuate
- The rate at which prices for goods and services remain constant
- The rate at which prices for goods and services rise (correct)
- The rate at which prices for goods and services decrease
Which are the three types of inflation?
Which are the three types of inflation?
- Consumer Price Index, Wholesale Price Index, and Producer Price Index
- Stagflation, hyperinflation, and deflation
- Demand-pull inflation, cost-push inflation, and built-in inflation (correct)
- Nominal inflation, real inflation, and expected inflation
What are the most commonly used inflation indexes?
What are the most commonly used inflation indexes?
- Consumer Price Index and Wholesale Price Index (correct)
- Producer Price Index and Wholesale Price Index
- Consumer Price Index and Retail Price Index
- Consumer Price Index and Producer Price Index
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