Which of the following is true of inflation?
A) It is an increase in the general price level of goods and services.
B) The purchasing power of money increases as the result of inflation.
C) Inflation is similar to interest payments on future money income, such as pensions and receipts from outstanding loans.
D) Inflation has no effect on real resources.

Question

Quizplus · Accepted Answer

Inflation is defined as an increase in the general price level of goods and services.

Which of the Following Is True of Inflation