About the definition of inflation

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Reference no: EM131163540

From the list below, select the correct definition of inflation.

A. An increase in the level of output in an economy evidenced by a rising GDP.

B. A set of sustained increases in the price of a firm\'s stock.

C. A general and ongoing rise in the average level of prices in an economy.

D. A specific increase in the price of a good or service attributable to changes in supply or demand.

E. A general and ongoing rise in unemployment.

F. A general and ongoing decline in the level of prices in an economy.

Reference no: EM131163540

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