3. which of the following best defines inflation? a. the rapid increase in the price of a specific good, such as gasoline b. a general, sustained upward movement of prices for goods and services in an economy c. the fluctuation in revenue and expenditures caused by congress and the president d. an increase in the national debt caused by ongoing deficit spending

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?

What are the weak points of economic costs that are part of a free enterprise economy?

Which of the following makes a true statement about the relationship between government and financial institutions? government and financial institutions do not interact with each other. financial institutions like the u.s. treasury must approve increases in the government deficit. government can pass laws to limit what financial institutions can charge in interest and fees. financial institutions like local banks must approve interest rates set by the federal reserve.