Inflation is a rise inMultiple Choicethe general level of prices over time.the standard of living over time.unemployment over time.real GDP over time.

Inflation

inflation: types and causes IN DETAIL

Explain why a high rate of inflation can persist well after the economic conditions which caused it do no longer exist

Excessive growth in money supply leads tohigh inflationGroup of answer choicesno effect to the economyhigh inflationno inflationlow inflationNext

Inflation can be caused byGroup of answer choicesRising rate of unemployment.Firms moving production to countries with lower labor costs.Rising interest rates.Increased total demand for goods and services.