According to economists, inflation is
A) a general decrease in the level of prices.
B) a general rise in the level of prices.
C) unavoidable, and therefore something beyond the control of government.
D) eliminated by the government.
E) a general problem for countries with command economies.

Question

Quizplus · Accepted Answer

According to economists, inflation is a general rise in the level of prices. This means that over time, the prices of goods and services in the economy tend to increase, resulting in a decrease in the purchasing power of money.

According to Economists, Inflation Is