Which of the Following Correctly Defines Inflation

question 3

Multiple Choice

Which of the following correctly defines inflation?

• A) An increase in the price of a particular good or service.
• B) An increase in the general (average) price level of goods and services in the economy.
• C) The growth rate in real GDP.
• D) None of the above.

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Definitions:

Rectum

The final section of the large intestine, terminating at the anus, where feces are stored before being expelled.

Nasopharynx

The upper part of the throat that lies behind the nose and above the level of the soft palate.

Nasal Cavity

The Nasal Cavity is the air passage starting at the nostril and extending to the back of the throat that functions in breathing, smelling, and filtering particulates from inhaled air.

Alimentary Canal

The alimentary canal is the whole passage along which food passes through the body from mouth to anus, including the esophagus, stomach, and intestines, digesting and absorbing food along the way.