Final answer:
The situation in which the average of all prices of products is rising is called inflation.
Step-by-step explanation:
The situation in which the average of all prices of products is rising is called inflation. Inflation is a general and ongoing rise in the level of prices in an entire economy. It means that there is pressure for prices to rise in most markets in the economy. This is different from a change in relative prices, which occurs when the price of one good rises while the price of another falls.