________ is a general increase in the prices of most goods and services.
A) Recession
B) Deflation
C) Inflation
D) Depression
E) Expansion

Question

Quizplus · Accepted Answer

Inflation is defined as a general increase in the prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money.

________ Is a General Increase in the Prices of Most