Question on: WAEC Economics - 2014
Which of the following best defines inflation?
A
Cyclical increase in prices
B
Periodic increase in prices
C
Persistent increase in prices
D
Occasional increase in prices
Ask EduPadi AI for a detailed answer
Correct Option: C
Inflation is the persistent increase in the prices of goods and services over time.
Add your answer
Please share this, thanks!
No responses