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

real GDP
interest rates
inflation

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Answer:

INFLATION

Step-by-step explanation:

User Koblas
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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.
User Baba
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