The term for increases in what things cost in an economy can be termed

Question

Quizplus · Accepted Answer

Inflation refers to the general increase in prices of goods and services in an economy over time. This can happen due to factors such as increased demand, decreased supply, or changes in the value of currency. Recession and depression refer to declines in economic activity, while progressive and regressive taxation refer to the ways in which taxes are levied on individuals or businesses.

The Term for Increases in What Things Cost in an Economy