Inflation is a
A) steady rise in the unemployment rate across the labor market.
B) general rise in interest rates.
C) decline in confidence in prices.
D) general rise in prices.

Question

Quizplus · Accepted Answer

Inflation refers to a general rise in prices over time, leading to a decline in the value of money. It is measured by the percentage change in the price level of goods and services in an economy over a period of time. Options A and B are incorrect because they refer to other economic indicators, while option C is unclear in its meaning.

Inflation Is a