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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Corinne Hodges

16 February, 11:22

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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Answers (1)

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Alexis Spears · Answer 1

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.

What is the term for the rise in prices of consumer goods?a) Unemploymentb) Inflationc) Gross Domestic Productd) Entitlement

What is the term for the rise in prices of consumer goods?

a) Unemployment

b) Inflation

c) Gross Domestic Product

d) Entitlement