Last Year,a Mother in a Small African Nation Could Buy

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 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 which of the following?

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