Which of the following best defines inflation?

By: |Published on: Nov 8|Categories: Economics WAEC| 0 comments

A. Cyclical increase in prices
B. Periodic increase in prices
C. Persistent increase in prices
D. Occasional increase in prices

Correct Answer: Option C

C. Persistent increase in prices

Explanation

Inflation is a persistent increase in the prices of goods and services over time.

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