A general and ongoing rise in the level of prices in an entire economy…

Question

A general and ongoing rise in the level of prices in an entire economy is:

Accepted Answer

A. Inflation

1. It is not a one-time jump in one price.
2. Inflation is a general, ongoing rise.
3. Deflation is the opposite.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 8, Inflation (CC BY 4.0)._

Answer

Deflation

Answer

Recession

Answer

Indexing

A general and ongoing rise in the level of prices in an entire economy is:

Keep practising Inflation