A rise in the general level of prices in an economy___________________?
Correct answer: A. Inflation
- A. Inflation
- B. Dearnen
- C. Both
- D. None
Explanation
Inflation is a sustained rise in the general price level, which reduces the purchasing power of money. The other listed term is not a standard economic term for this phenomenon.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
Practise Agricultural Economics and Extension
190 free Agricultural Economics and Extension MCQs from Agriculture, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Agriculture questions like this
Agriculture is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Agricultural Economics and Extension questions
The absence of artificial barriers to trade among individuals and firms in different nations ?
Employment available resources so that the maximum amount of goods and services is produced?
Private or public debt owed to foreign citizens firms and institutions ?
A curve showing the distribution of income in an economy___________________?
A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?
A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?