Inflation occurs when an increase in the price of goods or services is more than offset by an increase in quality.

Name: Inflation occurs when an increase in the price of goods or services is more than offset by an increase in quality.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

Inflation occurs when there is a sustained increase in the overall price level of goods and services in an economy, typically measured by the consumer price index (CPI). It is not necessarily correlated with an increase in quality.

Inflation Occurs When an Increase in the Price of Goods