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What is the term for the rise in prices of consumer goods? a)Unemployment b)Inflation c)Gross Domestic Product d)Entitlement

What is the term for the rise in prices of consumer goods? a)Unemployment b)Inflation c)Gross Domestic Product d)Entitlement
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4 votes
What is the term for the rise in prices of consumer goods?

a)Unemployment
b)Inflation
c)Gross Domestic Product
d)Entitlement

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User StFS
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7.9k points

1 Answer

5 votes
The term for the rise in prices of consumer goods would be inflation - b.

Inflation denotes the rise of prices in relation to the amount of money that is being printed. When we have an inflation, our currency effectively has less value.
answered
User Brian Ploetz
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