What is an increase in the overall level of prices in an economy called?

Question

Quizplus · Accepted Answer

An increase in the overall level of prices in an economy is called inflation. Economic growth refers to an increase in the production and consumption of goods and services. Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an economy. Supply stocks are the inventory of goods and materials that a business holds for production or sale.

What Is an Increase in the Overall Level of Prices