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 Canadian equivalent of $1.30. Six months ago, an identical pound of flour cost $3.40. Today she would need $5.60 to buy that pound of flour. What is the term for this example of the general upward movement of prices?

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