when prices are not getting higher but lower.
False
Prices can be accompanies by either inflation, an increase in real wages, or a decrease in consumption.
False!Inflation means a dramatic increase in prices. The opposite of inflation is deflation. Deflation is a dramatic decrease in prices.
inflation
when prices are not getting higher but lower.
Inflation is a measure of the rate of rising prices of goods and services in an economy. If inflation is occurring, leading to higher prices for basic necessities such as food, it can have a negative impact on society.
False
Prices can be accompanies by either inflation, an increase in real wages, or a decrease in consumption.
The OPEC embargo of 1973 led to a sharp increase in oil prices, which raised production costs for businesses and resulted in higher prices for consumers. This triggered inflation as prices across the economy rose. At the same time, the decrease in oil supply caused by the embargo led to a slowdown in economic growth, contributing to the high inflation and high unemployment characteristic of stagflation.
False!Inflation means a dramatic increase in prices. The opposite of inflation is deflation. Deflation is a dramatic decrease in prices.
inflation
Inflation is where prices overall are rising. This is caused by the over printing of money by the Government.
Fuel prices in general rise (Gasoline is connected to diesel prices) and this drives up the price of every single thing as every single thing was at some point moved using diesel.
That's simple! Inflation. Money has less value, and to compensate it, product prices have to be higher.
inflation
rising prices