Consistent increase in the prices of goods and services is referred to as _________________________.

Question

Quizplus · Accepted Answer

Inflation is the consistent increase in the prices of goods and services over time. Fiscal policy refers to the government's use of taxation and spending to influence the economy. Price fixing is an illegal practice of colluding to set prices at an artificially high level. Cost modification and scaling are not commonly used terms in economics.

Consistent Increase in the Prices of Goods and Services Is