What is the term for a general increase in prices across the economy?
A. Deflation
B. Unemployment
C. Recession
D. Inflation

Question

Sefton · Answer

The correct answer is letter D. Inflation is the general rise in the prices of goods and services over time. It affects the purchasing power of money. When the cost of basic needs like rice and transportation increases, families must adjust their budgets. The Philippines saw inflation spike in 2022 due to oil price hikes and food shortages.

Answered by Sefton | 2025-05-22

What is the term for a general increase in prices across the economy? A. Deflation B. Unemployment C. Recession D. Inflation

Answer (1)

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B. Unemployment
C. Recession
D. Inflation

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