If the economy is experiencing a sustained increase in the price level, it is called:
A) deflation
B) inflation
C) hyperinflation
D) disinflation
E) growth

Name: If the economy is experiencing a sustained increase in the price level, it is called: A) deflation B) inflation C) hyperinflation D) disinflation E) growth
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Question

Quizplus · Accepted Answer

Inflation is the sustained increase in the general price level of goods and services in an economy over a period of time.

If the Economy Is Experiencing a Sustained Increase in the Price