We have inflation
A)only when the price of every good is rising.
B)when the prices of most goods are rising.
C)when the prices of most goods are falling.
D)only when the price of every good is falling.

Question

Quizplus · Accepted Answer

Inflation occurs when there is a sustained increase in the general price level of goods and services in an economy over time. This means that not every good and service needs to increase in price for inflation to be present, but rather the prices of most goods and services must be rising. Therefore, option B is the best choice.

We Have Inflation