An Increase in the Average Price Level of Goods and Services

question 8

Multiple Choice

An increase in the average price level of goods and services is called:

• A) deflation.
• B) disinflation.
• C) inflation.
• D) cost-push deflation.

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Definitions:

Grin

A broad smile indicating amusement, happiness, or satisfaction.

Standards

Established norms, criteria, or requirements that specify the expected levels of quality or performance.

Punctuation

The use of symbols in writing that separate sentences and their elements, clarifying meaning.

Apostrophe

A punctuation mark used to indicate possession or the omission of letters.