Economics Quiz

Since most Americans are woefully ignorant on the subject of economics, we've devised this simple one-question quiz to weed out the ignorant from the knowledgeable:

Which of the following represents inflation?
A) You get a 25-cent-an-hour raise.
B) The price of gas goes up 7 cents per gallon.
C) M3 increases by 0.2%.
D) All of the above.
E) None of the above.

If you answered anything but C, you have no business discussing economics.


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