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13 September, 04:21

The term inflation is used to describe a situation in which

a. the overall level of prices in the economy is increasing. b. incomes in the economy are increasing. c. stock-market prices are rising. d. the economy is growing rapidly.

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  1. 13 September, 06:51
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    Answer: The correct answer is Choice A.

    Explanation: The term inflation is used to describe a situation in what the overall level of prices in the economy is increasing.

    The measure of inflation is the Inflation Rate. This is the annualized percentage change in a general price index (usually the consumer price index) over time.
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