A rise in the general level of prices over time is called ________.

Name: A rise in the general level of prices over time is called ________.
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Question

Quizplus · Accepted Answer

Inflation is the correct answer as it is the general increase in prices of goods and services over time. Deflation is the opposite of inflation, which means a decrease in the general level of prices over time. Disinflation refers to a decrease in the rate of inflation but not a decrease in prices, while deflection is not a term related to economics.

A Rise in the General Level of Prices Over Time