________ is the economic condition characterized by widespread increased prices without increased purchasing power.
A) Unemployment
B) Inflation
C) Expansion
D) Deflation

Question

Quizplus · Accepted Answer

Inflation is the economic condition characterized by widespread increased prices, which reduces the purchasing power of money. Unemployment refers to the lack of employment opportunities. Expansion refers to an increase in economic growth, and deflation refers to a decline in general price level.

________ Is the Economic Condition Characterized by Widespread Increased Prices