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A "general price increase" is the term commonly used to describe an increase in price levels across a broad spectrum of goods and services rather than, say, an increase in just oil prices, perhaps due to a "one time" event like a hurricane in a refinery area, or a war in the Middle East.
That is called "inflation".
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
market clearing price (aplus)
Markup
A "general price increase" is the term commonly used to describe an increase in price levels across a broad spectrum of goods and services rather than, say, an increase in just oil prices, perhaps due to a "one time" event like a hurricane in a refinery area, or a war in the Middle East.
Inflation
That is called "inflation".
market clearing price (aplus)
market clearing price (aplus)
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.
The general price for a Volkswagen EOS 2013 in the United States start from $34,650. This can increase up to $41,450 depending on options, and this excludes local taxes.
inflation
market clearing price (aplus)
No
Price war