9. Inflation is defined as (4 Points) The tendency of prices to fall in an economy. The condition of increasing prices in an economy. Price stability. Price instability.

The correct answer is: The condition of increasing prices in an economy.<br /><br />Inflation refers to the general increase in prices of goods and services over time, leading to a decrease in the purchasing power of money. It is the opposite of deflation, which is the tendency of prices to fall in an economy.