A general rise in prices throughout the economy refers to Disinflation Inflation The price level Disinflation Real GDP is the production of final goods and services valued at Current year prices Constant prices Future year prices The ratio of current year prices to constant year prices The inflation rate is defined as the price level Change in the price level Price level divided by the price level in the previous period Percentage change in the price level from the previous period The CPI is a measure of the overall cost of Inputs purchased by a typical producer Goods and services bought by the typical consumer Goods and services produced in the economy Stocks on the New York Stock Exchange For the CPI, the base year is The benchmark against which other years are compared, and it changes each year. The benchmark against which other years are compared, and it changes occasionally. The year the CPI first appeared Always 1989 If this year the CPI is 125 and last year it was 120, then we know that All goods have become more The price level has increased The inflation has increased All of the above are correct