When consumers experience an increase in the general level of prices of products over a period of time, ________ has occurred.

Fill in the blank(s) with the appropriate word(s).


inflation

Inflation can be described as an increase in the general level of prices of products in an economy over a period of time.

Business

You might also like to view...

Identify ways in which shopping behaviors differ between men and women

What will be an ideal response?

Business

If you frown as someone speaks to you, you are providing the sender with your response about the message

Indicate whether the statement is true or false

Business

Since managers' central goal is to maximize stock price, managers' personal incentives do not interfere with mergers that would benefit the target firm's stockholders.

Answer the following statement true (T) or false (F)

Business

As the level of task interdependence increases, members must spend increasing amounts of time communicating and coordinating with other members if they want to complete tasks effectively.

Answer the following statement true (T) or false (F)

Business