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inflation

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Sibyl Quitzon

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3y ago

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What economic term refers to a general rise in prices?

apajedico


Is rise of fuel prices an economic activity?

YES.


What is a general rise in prices?

A general rise in price is usually referred to as inflation; however, in economics, inflation refers to an increase in the supply of currency, which in turn causes a general increase in prices. The more money that's circulating, the less each unit is worth; thus, the price of everything goes up.


What is a rise in prices?

A general rise in price is usually referred to as inflation; however, in Economics, inflation refers to an increase in the supply of currency, which in turn causes a general increase in prices. The more money that's circulating, the less each unit is worth; thus, the price of everything goes up.


A rise in the general level of prices is called?

inflation.


General rise in prices and pay rates?

inflation


Why do the price of things rise when gas goes?

When gas prices rise, other products soon follow. This is a sign of inflation, where the general value of money decreases and prices rise.


Which best explanation for the general rise of prices over time?

Inflation


What economic concept is best escribed as a rise in prices with a decrease in the value of money?

Inflation


What is true about members of the populist party?

They hoped to see a general rise in prices.


Economic cycle that involves a rise in prices linked to a sharp increase in available money?

inflation


What signal does a rise in prices send to producers?

in class room economic: make more in real world economics: flood the market and raise prices