economics sem1\nquiz 6.4.1 - unemployment, economic indicators, inflation, and deflation\nvalue: 3\nwhat is…

economics sem1\nquiz 6.4.1 - unemployment, economic indicators, inflation, and deflation\nvalue: 3\nwhat is inflation?\n a. the continuous increase in the prices of most goods and services.\n b. when asset and consumer prices continue to fall.\n c. the measure of change in employment.\n d. the measure of dollar value of all goods and services.

economics sem1\nquiz 6.4.1 - unemployment, economic indicators, inflation, and deflation\nvalue: 3\nwhat is inflation?\n a. the continuous increase in the prices of most goods and services.\n b. when asset and consumer prices continue to fall.\n c. the measure of change in employment.\n d. the measure of dollar value of all goods and services.

Answer

Brief Explanations:

Inflation is defined as the continuous increase in the general price - level of goods and services. Option b describes deflation, option c is related to employment change measures, and option d refers to GDP (Gross Domestic Product).

Answer:

A. The continuous increase in the prices of most goods and services.