Which situation is described by the term "inflation"? Question 24 options: a) Incomes in the economy are increasing. b) Nominal interest rates in the economy are rising. c) The overall level of prices in the economy is increasing. d) Stock market prices are rising.Which of the following is the consumer price index used for? Question 23 options: a) to track changes in the stock market b) to monitor changes in the level of real GDP c) to monitor changes in the cost of living d) to track changes in the level of wholesale prices in the economy