What does the term “inflation” refer to?
A. Increase in the purchasing power of money
B. Decrease in the overall price level
C. Increase in the overall price level
D. Decrease in the unemployment rate
Answer:C
What does the term “inflation” refer to?
A. Increase in the purchasing power of money B. Decrease in the overall price level C. Increase in the overall price level D. Decrease in the unemployment rate