The College Board reports that since 2000,college tuition and fees have increased by 143 percent whereas family incomes have risen less than 19 percent.This is an example of a(n)__________ economy.

Question

Quizplus · Accepted Answer

Inflationary economy refers to a situation where the overall price level of goods and services in an economy is increasing, which reduces the purchasing power of currency. The increase in college tuition and fees by 143 percent while family incomes have risen less than 19 percent is an example of inflationary economy.

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