National Center for Public Policy and Higher Education reports that since 1980,college tuition and fees have increased by 440 percent whereas family incomes have risen less than 150 percent.This is an example of a(n)__________ economy.

Question

Quizplus · Accepted Answer

The increase in college tuition and fees by 440 percent since 1980 compared to a less than 150 percent increase in family incomes indicates inflationary economy, where prices are increasing at a faster rate than incomes.

National Center for Public Policy and Higher Education Reports That