Which of the Following Is a Correct Description of 'Inflation

question 49

Multiple Choice

Which of the following is a correct description of 'inflation'?

• A)Inflation refers to an increase in relative prices throughout the economy.
• B)Inflation is the change in the price level from one year to another.
• C)Inflation is a sustained increase in the price level.
• D)Inflation is when there is a one-time jump in the price level.

---

Definitions:

Lack of Abstractness

Pertains to the inability or difficulty in understanding and applying abstract concepts and ideas.

Flattened Affect

A reduction in the display of emotions through facial expressions, voice tone, or the lack of emotional response to events.

Physiological Arousal

The body's physical response to stimuli, which can include increased heart rate, sweating, and heightened senses.

Withdraws Socially

A behavior where an individual pulls back from social interactions, often due to psychological stress or discomfort.