What is an increase in the overall level of prices in an economy called
A)economic growth
B)inflation
C)monetary policy
D)rate of return

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 actions taken by a central bank to manage the supply of money and interest rates in an economy to achieve certain goals such as controlling inflation. Rate of return refers to the percentage return on an investment.

What Is an Increase in the Overall Level of Prices