Last year, a mother in a small African nation could buy a pound of flour for the U.S.equivalent of $1.30.Six months ago, an identical pound of flour costs $3.40.Today she would need $5.60 to buy that pound of flour.This example of the general upward movement of prices is called:

Question

Quizplus · Accepted Answer

Inflation is the correct term for the general upward movement of prices over time, as demonstrated by the increasing cost of a pound of flour in the example.

Last Year, a Mother in a Small African Nation Could