Question:
A sustained and appreciable increase in the price level over a considerable period of time is known as
A sustained and appreciable increase in the price level over a considerable period of time is known as
Updated On: Oct 4, 2024
- Devaluation
- Depreciation
- Inflation
- Depression
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The Correct Option is C
Solution and Explanation
A sustained and appreciable increase in the price level over a considerable period of time is known as Inflation. Inflation reflects the overall rise in prices of goods and services in an economy, which can erode purchasing power and impact economic stability.
The correct answer is (C) : Inflation
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