1. Inflation can be defined as
| a. as they get an annual increase in
wages.
|
2. One factor that can result in
inflation is
| b. an increase in government taxes
and fees.
|
3. When interest rates go up and
the costs of borrowing increases
| c. a substantial and continuing
overall increase in the general level of prices.
|
4. Most people are able to cope
with the average inflation of 3%
| e. the cost of running a business
increases and inflation can result.
|