Last Year,a Mother in a Small African Nation Could Buy

Question 66
Multiple Choice

Last year,a mother in a small African nation could buy a pound of flour for the Canadian equivalent of $1.30.Six months ago,an identical pound of flour cost $3.40.Today she would need $5.60 to buy that pound of flour.This example of the general upward movement of prices is called which of the following? A) discretionary pricing B) supply-side pricing C) deflation D) inflation