QUESTION IMAGE
Question
question 12
5 pts
the situation in which the average of all prices of products is rising is called:
deflation
inflation
upsizing
purchase power acceleration
rejuvenation
Inflation is defined as a general increase in the average price - level of goods and services in an economy over a period of time. Deflation is the opposite (falling prices), upsizing is related to increasing the size of something (not price - related in this context), purchase power acceleration is not the term for rising average prices, and rejuvenation has no relation to price changes.
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B. inflation