Multiple Choice
Inflation necessarily occurs when
A) the price of gasoline rises.
B) a greater number of goods increase in price compared to the number of goods that undergo a price decrease.
C) the overall price level,such as the consumer price index (CPI) ,rises.
D) there is an increase in the rate of change in the price level.
E) the price of at least one good,but possibly more than one good,in the economy increases.
Correct Answer:

Verified
Correct Answer:
Verified
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