_____________ is the rise in price of goods and services,even though the actual value of those goods and services does not increase.

Question

Quizplus · Accepted Answer

Inflation refers to the increase in the general price level of goods and services in an economy over a certain period of time, resulting in a decrease in the purchasing power of money. This can occur due to various factors such as an increase in the money supply, shortage of supply, and increased demand. It is different from a recession or depression which refers to a significant decline in economic activity. Deregulation refers to the process of reducing or eliminating government regulations in a certain industry or sector.

_____________ Is the Rise in Price of Goods and Services,even