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 of goods and services in an economy. Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an economy. Supply shocks refer to unexpected events that disrupt the supply of goods and services in an economy.

What Is an Increase in the Overall Level of Prices