A change in prices not the result of product improvement is called inflation and is generally considered to be a negative economic development,but:
A)downward changes in prices,or deflation,is a positive economic development and can offset inflation.
B)inflation is not uniform across all product categories,so inflation may negatively affect only certain product categories.
C)inflation generally does not last long and is self-correcting,so monetary authorities do not consider inflation to be a concern for currency values.
D)but inflation affects all product categories,so prices of products relative to each other do not change.

Question

Quizplus · Accepted Answer

Inflation varies across different product categories, meaning that while some goods and services may experience price increases, others may not be affected as significantly or at all. This variability can lead to uneven economic impacts across different sectors.

A Change in Prices Not the Result of Product Improvement