inflation is best described as which of the following?

a. increase in the price of goods or services that is offset by an increase in quality

b. increase in the price of goods or services that is not offset by an increase in quality

c. decrease in the price of goods or services that is offset by an increase in quality

d. decrease in the price of goods or services that is not offset by an increase in quality d

what does the risk-return finance principal imply?

a. higher returns are expected for taking on more risk

b. lower returns are expected for taking on more risk

c. money has a time value

d. default risk premiums are zero