Inflation is

Question

Inflation is

Quizplus · Accepted Answer

Inflation refers to the general increase in the price of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Therefore, the correct option is D, the rise in the price of goods and services. Option A is incorrect since an increase in production does not necessarily lead to inflation. Option B is incorrect since the purchasing power of money decreases during inflation. Option C is incorrect as inflation causes a decrease in the value of money, not an increase in the value of goods and services.

Inflation Is