A rise in the price of goods and services while the actual value of the goods and services remains the same is known as

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Inflation refers to the general increase in the price of goods and services over time while the actual value of the goods and services remain the same. Recession refers to a period of economic decline characterized by a decrease in GDP and employment, jawboning refers to verbal intervention by government or central bank officials to influence economic activity, and stagflation refers to a situation where there is a rise in inflation alongside a decrease in GDP and employment.

A Rise in the Price of Goods and Services While