Question

_____ implies that pressure for price increases reaches across ______ markets, not just one.

inflation; all
deflation; most
inflation; most
deflation; all

question 2
1 pts
while one occasionally sees references to inflation over short time periods, the term typically implies a(n) ________ in prices.

ongoing decrease
ongoing rise
short term rise
short term decrease

Explanation:

For the first question: Inflation refers to a general increase in prices across the economy, meaning price pressure spreads across all markets, not just one. Deflation is a general price decrease, which does not match the "price increases" description.
For the second question: By definition, inflation is typically understood as a sustained, ongoing rise in overall prices, not a short-term change or a price decrease.

Answer:

1. inflation; all
2. ongoing rise