An increase in the price level is called

a. the Consumer Price Index
b. inflation
c. deflation
d. stagflation
e. nominal pricing

B

Economics

You might also like to view...

An increase in the money supply is represented by a(n):

a. rightward shift of the downward-sloping money supply curve. b. upward shift of the money supply curve. c. rightward shift of the money supply curve. d. increase in the rate of interest.

Economics

Monopolistic competition is common in

a. retail selling. b. farming. c. basic manufacturing. d. electric power generation.

Economics