Inflation is a ________ increase in the price level and it can be produced if the AD curve shifts up ________.
A)continuous,continuously
B)continuous,either once or continuously
C)one-shot,once but only once
D)one-shot,either once or continuously

Question

Quizplus · Accepted Answer

Inflation is defined as a continuous increase in the price level, and it occurs when the aggregate demand (AD) curve shifts upward continuously, leading to persistent upward pressure on prices.

Inflation Is a ________ Increase in the Price Level and It