Inflation refers to:
A)increasing prices.
B)declining population.
C)increasing tax deferment.
D)increasing stock index.
E)decreasing birth rate.

Question

Quizplus · Accepted Answer

Inflation is defined as the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

Inflation Refers To