select the correct answer. what measures the change in prices of a basket of goods and services in a given…

select the correct answer. what measures the change in prices of a basket of goods and services in a given year? a. recession b. depression c. deflation d. inflation

select the correct answer. what measures the change in prices of a basket of goods and services in a given year? a. recession b. depression c. deflation d. inflation

Answer

Brief Explanations:

Inflation measures the percentage change in the price level of a basket of goods and services over time. Recession and depression are related to economic downturns in terms of output and employment. Deflation is a decrease in the general price level, opposite to inflation.

Answer:

D. inflation