Inflation can be defined as
A)the rise in the rate of unemployment due to a slowing economy.
B)an increase in the general level of prices of products in an economy over a period of time.
C)a decline in gross domestic product for two or more consecutive quarters.
D)the rise in the amount of goods and services that can be purchased for a specific amount of money.
E)a decline in consumer confidence about the overall state of the economy and their own personal finances.

Question

Quizplus · Accepted Answer

The Answer of Inflation can be defined as
A)the rise in the rate of unemployment due to a slowing economy.
B)an increase in the general level of prices of products in an economy over a period of time.
C)a decline in gross domestic product for two or more consecutive quarters.
D)the rise in the amount of goods and services that can be purchased for a specific amount of money.
E)a decline in consumer confidence about the overall state of the economy and their own personal finances.

Inflation Can Be Defined as