asked 110k views
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A rise in the prices of goods and services is called _____. This decreases purchasing power.

inflation
a tariff
interest rates

2 Answers

1 vote

Answer:

Inflation is the correct answer

Step-by-step explanation:

Odyssey ware

answered
User JayL
by
8.4k points
1 vote
The right answer is the first option inflation. Inflation is defined as the sustained increase of prices, month after month. Inflation has a negative impact on your purchasing power becasue you will be able to buy less goods and services with the same money.
answered
User Montuno
by
7.4k points

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