a(n)__________ economy,the cost to produce and buy products and services escalates as prices increase.

Question

Quizplus · Accepted Answer

In an inflationary economy, there is a general increase in prices over time, which leads to a decrease in purchasing power for consumers and increases in the cost of production for businesses. This can result in a cycle of rising prices, which further exacerbates the inflationary trend. As a result, both the cost to produce and buy products and services escalate as prices increase.

A(n)__________ Economy,the Cost to Produce and Buy Products and Services