What is an increase in the overall level of prices in an economy called?

Name: What is an increase in the overall level of prices in an economy called?
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Inflation is the increase in the overall level of prices in an economy. Economic growth refers to an increase in the production of goods and services in an economy. Market power is the ability of a single player or a group of players to influence the price of a good or service. Productivity is the measure of output per unit of input.

What Is an Increase in the Overall Level of Prices