Figure 5-1

-A period in which the price level is rising is experiencing
A)inflation.
B)reflation.
C)deflation.
D)deconstruction.

Name: Figure 5-1 -A period in which the price level is rising is experiencing A)inflation. B)reflation. C)deflation. D)deconstruction.
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Question

Figure 5-1
​ 
-A period in which the price level is rising is experiencing
A)inflation. 
B)reflation. 
C)deflation. 
D)deconstruction.

Quizplus · Accepted Answer

A period in which the price level is rising is called inflation. This means that the purchasing power of a currency is decreasing, causing prices to increase for goods and services.

Figure 5-1 ​

Figure 5-1