Which of the Following Is the Correct Definition of Inflation

Multiple Choice

Which of the following is the correct definition of inflation?

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