asked 18.7k views
2 votes
What is the economic term used for sustained increase in the price of goods and services

1 Answer

5 votes
 Inflation is the sustainable increase in the prices of goods and services that come in place when there is more money in circulation and the government wants to reduce the money in the hands of citizens. The prices go up in that then citizen uses much money to purchase whatever they need and the end result is that the excess money in circulation goes back to the government

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories