To economists, inflation means all of the following except:
A)A one-time increase in the price level
B)A sustained increase in the price level
C)A continually rising price level
D)Temporary or permanent changes in a continuously rising price level

Question

Quizplus · Accepted Answer

Economists do not define inflation as a one-time increase in the price level. Inflation is typically defined as a sustained increase in the price level over time, either due to factors such as increased demand, decreased supply, or changes in the money supply. Temporary price increases are not necessarily considered inflation, as they may be due to short-term factors such as supply disruptions or seasonal fluctuations.

To Economists, Inflation Means All of the Following Except