The continuing rise in the overall price level is called _____.
A)inflation
B)deflation
C)recession
D)boom
E)depression

Name: The continuing rise in the overall price level is called _____. A)inflation B)deflation C)recession D)boom E)depression
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Question

Quizplus · Accepted Answer

Inflation is the gradual increase in the overall price level of goods and services in an economy over time. It is a persistent rise in the general price level, resulting in a decline in the purchasing power of money.

The Continuing Rise in the Overall Price Level Is Called