Inflation exists whenever:

Name: Inflation exists whenever:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inflation is defined as a sustained increase in the general price level of goods and services in an economy over a period of time. Therefore, the correct choice is D, which states that inflation exists when the overall price level is rising. A, B, C, and E are incorrect because they only refer to the price changes of individual goods or economic conditions, rather than the general price level of the entire economy.

Inflation Exists Whenever