Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

The increase in prices in an economy over time is measured by the:
A. aggregate demand
B. gross domestic product
C. rate of inflation
D. unemployment rate


The Increase In Prices In An Economy Over Time Is Measured By The A Aggregate Demand B Gross Domestic Product C Rate Of Inflation D Unemployment Rate class=

Sagot :

Ans C. the inflation rate

The inflation rate is the rate at which the general level of prices for goods and services is rising. If the price of a product is $X today and after a year if the price of that product is more than $X then it could be due to inflation effect, keeping other factors constant. Inflation leads to increase in price of products and services leading to decrease in their demands.

Answer:

Rate of inflation

Explanation: