An increase of currency in relation to the amount of goods available resulting in higher prices is called

2 answers:

7 0

Inflation consists on a sustained increase in the general price level of goods and services in an economy over a period of time. Inflation means a reduction in the purchasing power per unit of money, that is a loss of real value.

However, deflation increases the value of currency over time as it consists on a decrease in the general price level of goods and services.

Lorico [155]3 years ago

3 0

Inflation is the rising of prices of goods which results in the fall of value for money

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