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A sustained increase in the cost of goods and services is called inflation. If wages do not rise at the same rate, people begin to struggle to meet basic needs.
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General rise in prices and pay rates?
inflation
Which best explanation for the general rise of prices over time?
Inflation
What economic term refers to a general rise in prices?
apajedico
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.
Inflation is defined as?
Inflation is when..... say a sweet cost 50p one year and the next 1 pound then you have to go borrow the extra 50p to buy the sweet
General rise in prices and pay rates?
inflation
A rise in the general level of prices is called?
inflation.
Economic term refers to a general rise in prices?
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 is true about members of the populist party?
They hoped to see a general rise in prices.
What economic term refers to a general rise in prices?
apajedico
How does inflation affect prices?
It causes the general price of products to slowly rise over time.
What is the English meeaning of the Malayalam word vilakkayatam?
vilakkayattam= inflation,... a rise in the general level of prices of goods and services in an economy.vila= pricekayattam= rise
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.
Inflation is defined as?
Inflation is when..... say a sweet cost 50p one year and the next 1 pound then you have to go borrow the extra 50p to buy the sweet
