InflationA) is the rate at which the general level of prices is increasing.B) rates are high when the economy is considered to be overheated.C) is unrelated to unemployment rates.D) is the rate at which the general level of prices is increasing, and rates are high when the economy is considered to be overheated.E) is the rate at which the general level of prices is increasing and is unrelated to unemployment rates.

Question

InflationA)  is the rate at which the general level of prices is increasing.B)  rates are high when the economy is considered to be overheated.C)  is unrelated to unemployment rates.D)  is the rate at which the general level of prices is increasing, and rates are high when the economy is considered to be overheated.E)  is the rate at which the general level of prices is increasing and is unrelated to unemployment rates.

G DHRUVI HARSHITHA REDDY 18BCN7137 · Accepted Answer

Final Answer : D, Explanation :  Inflation is defined as the rate at which the general level of prices for goods and services is rising. High inflation rates often occur when the economy is overheated, meaning demand outpaces supply.

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