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INFLATION

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inflation

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Q: The steady rise in the price of goods is called what?
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A general rise in the price level of goods is called?

inflation


An overall rise in the prices of goods and servies?

Inflation is an overall rise in the prices of goods and services. When the usual price level rises, each unit of currency buys fewer services and goods.


Why did wages rise between 1860 and 1890?

price of goods went down


What is a term that means a prolonged rise in the general price level of goods and services?

Inflation


What was inflation in the late 1800s?

The same as it is today - a rise in the price of goods and services over time.


When supplies of goods and service become plentiful price tend to rise T or F?

true


Why would the price of goods increase each time it exchanged hands from Asia to the Middle East to Europe?

The price of the goods would rise to cover the cost of the additional transport and, additionally, make the act of transporting the goods profitable.


Is a rise in the cost of goods and services called inflation or deflation?

Inflation


What dies charging high prices for hoarded goods called?

Rise and Demand


Ascend?

To rise usually in a steady way


How did high tariffs hurt Americans?

High tariffs caused the prices for goods to be higher for the consumer. When the price of goods rise, it makes it harder for the common consumer to afford their necessities.


How did tariffs hurt many Americans?

High tariffs caused the prices for goods to be higher for the consumer. When the price of goods rise, it makes it harder for the common consumer to afford their necessities.