What is the economic term used for sustained increase in the price of goods and services? A. inflation B. depression C. recessio

Question

Masteriza [31]

4 years ago

10

What is the economic term used for sustained increase in the price of goods and services? A. inflation B. depression C. recessio

n D. deflation

English

2 answers:

pashok25 [27] · Answer 1 · 2021-11-26T01:58:33+03:00

<span>The economic term used to describe a period of sustained increase in the prices of goods and services is called inflation. Inflation is characterised mainly by a general increase in the prices of goods and services and a reduction in the currency's purchasing power. Hope this helps. Let me know if you need additional help!</span>

Y_Kistochka [10] · Answer 2 · 2021-11-26T03:14:54+03:00

Y_Kistochka [10]4 years ago

4 0

The correct answer is

Inflation

:)