Which of the Following Is the Correct Definition of Inflation

question 82

Multiple Choice

Which of the following is the correct definition of inflation?

• A)the rise in the rate of unemployment due to a slowing economy
• B)the rise in the amount of goods and services that can be purchased for a specific amount of money
• C)an increase in the general level of prices of products in an economy over a period of time
• D)a decline in consumer confidence about the overall state of the economy and their own personal finances
• E)a decline in gross domestic product for two or more consecutive quarters

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Definitions:

Phonemes

The basic distinctive units of sound in a language that distinguish one word from another, for example, the sounds /p/, /b/, /d/, and /t/ in the English words "pad", "bat", "bad", and "tap".

Morphemes

The smallest grammatical units in a language that carry meaning; they can be words or parts of words (like suffixes or prefixes).

Syntax

The set of rules that governs the structure of sentences in a language.

Insight

The ability to understand the inner nature of things or to gain an intuitive understanding of complex situations.