select the correct answer. what is the economic term used for sustained increase in the price of goods and…

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

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

Answer

Brief Explanations:

Inflation refers to a sustained increase in the general price - level of goods and services in an economy over a period of time. Depression is a severe and prolonged downturn in economic activity. Recession is a significant decline in economic activity spread across the economy. Deflation is a decrease in the general price level of goods and services.

Answer:

A. inflation