In General, Inflation Is Defined as

Multiple Choice

In general, inflation is defined as

A) the increase in Gross Domestic Product over time.
B) a measure of the average person's preference for a present good compared to a future good.
C) an increase in prices of goods and services that are included in a consumption basket over time.
D) an increase in the purchasing power of money over time.
E) the difference between the real and nominal Gross Domestic Product (GDP) .