Consistent increases in the prices of goods and services is referred to as

Question

Quizplus · Accepted Answer

Inflation refers to the consistent increase in the prices of goods and services. Fiscal policy is the government's use of taxation and spending to influence the economy. Price fixing refers to the illegal practice of setting prices artificially high or low. Cost modification and scaling are not terms commonly used in economics to describe price increases.

Consistent Increases in the Prices of Goods and Services Is