How Well Do You Know Inflation

An increase in the production of goods and services in an economy

A sustained increase in average price level of all goods and services produced in an economy (correct)

A sustained decrease in average price level of all goods and services produced in an economy

A decrease in the production of goods and services in an economy

An increase in the production of goods and services in an economy

A sustained decrease in average price level of all goods and services produced in an economy (correct)

A sustained increase in average price level of all goods and services produced in an economy

A decrease in the production of goods and services in an economy

The changes over time in the average income of consumers

The changes over time in general level of retail prices of selected goods and services that households purchase for the purpose of consumption (correct)

The changes over time in the production of goods and services in an economy

The changes over time in the level of unemployment in an economy