Author Question: Inflation is: a. a reduction in everyone's standard of living. b. a rise in the real prices of all ... (Read 43 times)

lak · **on:** Jun 30, 2018

Inflation is:
a. a reduction in everyone's standard of living.
b. a rise in the real prices of all goods and services.
c. a general and continuing rise in the money prices of goods and services.
d. a continuing rise in everyone's standard of living.
e. an increase in the value of money compared to the value of goods.

Question 2

The Lorenz curve is best used to measure international competitiveness.
a. True
b. False
Indicate whether the statement is true or false