Inﬂation is a rise in
A) the general level of prices over time.
B) the standard of living over time.
C) unemployment over time.
D) real GDP over time.

Name: Inﬂation is a rise in A) the general level of prices over time. B) the standard of living over time. C) unemployment over time. D) real GDP over time.
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Question

Quizplus · Accepted Answer

Inflation is a rise in the general level of prices over time, meaning that the cost of goods and services increases, resulting in a decrease in purchasing power.

Inﬂation Is a Rise in