Inflation Means

question 45

Multiple Choice

Inflation means:

• A)an increase in individuals' real income.
• B)that all prices are rising and at the same rate.
• C)an increase in the overall price level.
• D)a decrease in the overall level of prices.

---

Definitions:

Human Capital

The improvement in labor created by education and knowledge that is embodied in the workforce.

College Degree

A certification awarded by colleges or universities to signify that a student has completed a specified course of study, typically representing a higher level of education and expertise.

Stock

In finance, stock represents ownership shares in a company, allowing investors to claim on the company's assets and earnings proportionate to the amount of stock they own.

Economy

A system of production, distribution, and consumption of goods and services among a group of people.