110k views
4 votes
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

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.
User Montuno
by
7.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.