A rise in prices as a result of an increase in demand without an increase in supply.

After 1971, what type of currency did the United States adopt?

Before 1971, how were dollars related to gold?

Why can the Federal Reserve print more money now compared to when the gold standard was in effect?

What is the primary function of the Federal Reserve (FED)?

What is a consequence of increasing the money supply in the economy?

Why do fast food wages tend to rise with inflation?

What is the effect of inflation on the prices of goods when demand increases but supply remains unchanged?

What is a potential downside of increased money supply in the economy?

The business cycle consists of periods of growth followed by periods of economic decline.

Decreased competition in the market

The Panic of 1893 is primarily associated with which industry?

How does the Federal Reserve aim to prevent extreme economic downturns?

Who initiates inflation?

During economic recessions, what does the Federal Reserve do to stimulate growth?

Which of the following does NOT increase price?

How can The Federal Reserve lower demand?

What was the effect of the high supply of railroads on railroad companies?

What is one consequence of too much concentration of money in one sector of the economy?

What can cause inflation?

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