________ is the economic condition characterized by widespread increased prices throughout an economic system.
A) Stability
B) Deflation
C) Unemployment
D) Stagflation
E) Inflation

Question

Quizplus · Accepted Answer

Inflation is the economic condition characterized by widespread increased prices throughout an economic system. This means that the value of money decreases over time, and consumers and businesses need more money to buy the same goods and services. This can have negative impacts on economic growth, investment, and purchasing power for individuals and businesses.

________ Is the Economic Condition Characterized by Widespread Increased Prices