Last Year, a Mother in a Small African Nation Could

Multiple Choice

Last year, a mother in a small African nation could buy a pound of flour for the U.S.equivalent of $1.30.Six months ago, an identical pound of flour costs $3.40.Today she would need $5.60 to buy that pound of flour.This example of the general upward movement of prices is called:

A) inflation
B) deflation
C) discretionary pricing
D) supply-side pricing
E) profit maximization pricing