use the drop - down menus to complete the sentences. the general increase in the overall prices in an…

use the drop - down menus to complete the sentences. the general increase in the overall prices in an economy is called. occurs when the general price level steadily decreases. economists use the term to describe what happens when prices increase very quickly.

use the drop - down menus to complete the sentences. the general increase in the overall prices in an economy is called. occurs when the general price level steadily decreases. economists use the term to describe what happens when prices increase very quickly.

Answer

Brief Explanations:

Inflation is the general increase in overall prices. Deflation occurs when the general price - level steadily decreases. Hyper - inflation is used to describe rapid price increases.

Answer:

The first blank: Inflation The second blank: Deflation The third blank: Hyper - inflation