_________ is a rise in the general level of prices of goods and services in an economy over a period of time.

A. Deflation

B. Inflation

C. Stagflation

D. Hyperinflation

Answer: Option B

Solution(By Examveda Team)

Inflation is a rise in the general level of prices of goods and services in an economy over a period of time. Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time.