The College Board reports that since 2000, college tuition and fees have increased by 146 percent whereas family incomes have risen less than 19 percent. This is an example of a(n) __________ condition.
A)deflationary
B)recessionary
C)repressive
D)inflationary
E)depressive

Question

Quizplus · Accepted Answer

The situation described in the question, where tuition and fees have risen much faster than family incomes, is an example of inflationary conditions. Inflation refers to a general increase in prices and decrease in purchasing power of currency over time. In this case, the rise in college tuition is outpacing the rise in family incomes, leading to a decrease in the ability of families to afford college.

The College Board Reports That Since 2000, College Tuition and Fees