asked 5.2k views
0 votes
A general rise in the prices of goods and services, such as food and clothes, is called _____.

real GDP
interest rates
inflation

2 Answers

6 votes

Answer:

INFLATION

Step-by-step explanation:

answered
User Koblas
by
7.0k points
4 votes
INFLATION.

A general rise in the prices of goods and services, such as food and clothes, is called inflation.

The opposite of inflation is deflation. It is the decrease in the prices of goods and services.

The pace of inflation or deflation can be measured using monthly statistics from the consumer price index.

Core inflation is the term used when consumer price index is subtracted by food and energy cost.
answered
User Baba
by
7.9k points

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.