🎴 Flashcard Mode
Inflation and Unemployment
Card1 / 15
Mastered0
Review0
QuestionClick to flip
What is the term used to describe a sustained increase in the general price level of goods and services in an economy?
AnswerClick to flip back
A
Inflation
💡 Explanation:
Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time.