multiple choice question\ninflation exists when there is an increase over time in the average \no level of…

Brief Explanations:

Inflation is defined as a sustained increase in the general price - level of goods and services in an economy over a period of time. An increase in the level of output is related to economic growth, an increase in the unemployment rate is a sign of labor - market issues, and an increase in wages may be a cause or effect of inflation but is not the definition of inflation itself.

Answer:

price level