Which of the following best defines inflation?

A. Cyclical increase in prices B. Periodic increase in prices C. Persistent increase in prices D. Occasional increase in prices Correct Answer: Option C C. Persistent increase in prices Explanation Inflation is a persistent increase in the prices of goods and services...

Cyclical unemployment is one associated with?

A. inadequate information B. trade fluctuations C. structural changes D. seasonal changes Correct Answer: Option B B. trade fluctuations Explanation Cyclical unemployment is unemployment that results when the overall demand for goods and services in an economy cannot...

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