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Question
The continuous rise in price of goods is known as _____.
The continuous rise in price of goods is known as _____.
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Solution
The correct option is A inflation
Inflation is
the rate at which the general level of prices for goods and services is rising
and, consequently, the purchasing power of currency is falling. Central banks
attempt to limit inflation, and avoid deflation, in order to keep the economy
running smoothly.
Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.
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