An important economic factor is _____, which refers to the persistent increase in the prices of goods and services.
a. deflation
b. price gouging
c. inflation
d. a recession
e. gross domestic product
Answer: c. inflation
An important economic factor is _____, which refers to the persistent increase in the prices of goods and services.
a. deflation
b. price gouging
c. inflation
d. a recession
e. gross domestic product
Answer: c. inflation