Inflation reflects a rise in prices not offset by increases in quality.

Name: Inflation reflects a rise in prices not offset by increases in quality.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

Inflation occurs when the overall prices of goods and services in an economy increase. If these price increases are not due to corresponding increases in quality or improvements in goods and services, then it reflects a rise in prices not offset by increases in quality. Therefore, the statement is true.

Inflation Reflects a Rise in Prices Not Offset by Increases