A rise in prices not offset by increases in quality is called:
A) deflation
B) inflation
C) stagflation
D) recession

Question

Quizplus · Accepted Answer

Inflation is a rise in prices without a corresponding increase in the quality of goods or services. Deflation refers to a decrease in overall prices, stagflation is a combination of high inflation and slow economic growth, and recession is a period of reduced economic activity.

A Rise in Prices Not Offset by Increases in Quality