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Select the correct answer. what is the economic term used for sustained increase
Select the correct answer.
what is the economic term used for sustained increase in the price of goods and services?
a
inflation
b. depression
c.
recession
d.
deflation
Show Answers
what is the economic term used for sustained increase in the price of goods and services?
a
inflation
b. depression
c.
recession
d.
deflation
XAINEE
5,0(44 marks)
The economic term used to describe a period of sustained increase in the prices of goods and services is called inflation.
Explanation:
Inflation is characterised mainly by a general increase in the prices of goods and services and a reduction in the currency's purchasing power.
hope this helps
emmamood
4,6(24 marks)
What do u mean?
Explanation:explanation is...
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