What do we call an increase in the average level of prices in an economy?
A) recession
B) stagflation
C) deflation
D) inflation

Name: What do we call an increase in the average level of prices in an economy? A) recession B) stagflation C) deflation D) inflation
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Question

Quizplus · Accepted Answer

An increase in the average level of prices in an economy is called inflation. This means that the purchasing power of the currency decreases as prices of goods and services rise.

What Do We Call an Increase in the Average Level