Inflation Can Be Defined as

Multiple Choice

Inflation can be defined as

A) the rise in the rate of unemployment due to a slowing economy.
B) an increase in the general level of prices of products in an economy over a period of time.
C) a decline in gross domestic product for two or more consecutive quarters.
D) the rise in the amount of goods and services that can be purchased for a specific amount of money.
E) a decline in consumer confidence about the overall state of the economy and their own personal finances.