Jared works at a software firm. He is promoted to the post of senior engineer after three years of employment. Despite his promotion, he has to cut down on purchases as his cost of living has almost doubled within the same time period. This situation best represents _____.
A) inflation
B) a recession
C) deflation
D) disintermediation
E) deregulation
Question 2
Silas is ten years old. His mother is a homemaker, while his father is a door-to-door salesman. Their family income is not much. Silas is most likely to be covered by _____.
A) the Children's Health Insurance Program
B) TRICARE
C) CHAMPUS
D) the Family Wellness Scheme
E) Medicare
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