When price levels rise faster than income:
A) the result is pressure on reimbursement.
B) it is referred to as deflation.
C) it is referred to as inflation.
D) significant cost pressures occur.

Name: When price levels rise faster than income: A) the result is pressure on reimbursement. B) it is referred to as deflation. C) it is referred to as inflation. D) significant cost pressures occur.
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Question

Quizplus · Accepted Answer

Inflation is a general increase in prices and fall in the purchasing value of money.

When Price Levels Rise Faster Than Income