Inflation is: a. a reduction in everyone's standard of living. ...

[lak]

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

[cegalasso]

Answer to Question 1

c

Answer to Question 2

False

[lak]

Excellent

[tkempin]

TYSM