How does inflation affect prices?
select the best answer from the choices provided.
o
a.
it causes a sudden jump in the price of specific products.
ob.
it causes the price of specific products to slowly rise over time.
oc.
it causes the general price of products to slowly rise over time.
od.
it causes a sudden jump in the general price of all products.
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It causes a sudden jump in the general price of all products.

Explanation:

When prices rise for energy, food, commodities, and other goods and services, the entire economy is affected. Rising prices, known as inflation, impact the cost of living, the cost of doing business, borrowing money, mortgages, corporate and government bond yields, and every other facet of the economy.

(Not to sure about this, I did a quick research. But let me know if this was correct or not)

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