Inflation is defined as a sustained increase in the price level.

Name: Inflation is defined as a sustained increase in the price level.
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Quizplus · Accepted Answer

Inflation is defined as a persistent or sustained rise in the general price level of goods and services over a period of time. This means that the prices of goods and services continue to increase and do not decline over the long term, resulting in a decline in the purchasing power of money.

Inflation Is Defined as a Sustained Increase in the Price