Inflation is an increase in the
A) prices of some goods and services.
B) prices of a few important goods and services.
C) prices of all goods and services in general.
D) price of financial intermediation.

Question

Quizplus · Accepted Answer

Inflation refers to a general increase in the prices of all goods and services across the economy. It is not limited to a few important goods or services or specific sectors, but rather affects the overall price level. Therefore, option C is the correct answer.

Inflation Is an Increase in the