When Diana went to college,tuition was $650 per semester.Now that same college charges $6,500 per semester.This number reflects a persistent increase in price known as
A) currency fluctuation.
B) inflation.
C) recession.
D) interest.
E) deflation.

Question

Quizplus · Accepted Answer

The persistent increase in price of tuition reflects the concept of inflation, which refers to a general rise in the prices of goods and services over time.

When Diana Went to College,tuition Was $650 Per Semester