______ is defined as a continuous increase in the general level of prices for goods and services

Related MCQs

• Where is exchange of goods and services take place?
• The total demand for goods and services in an economy is known as
• A point where the quantity of goods being supplied is exactly the same as the quantity of goods being demanded is known as _______
• If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:
• Producers supply more at a higher price because selling more quantity at higher price increase revenue means what?
• Quantity of a certain goods producers are willing to supply when receiving a certain price is known as ______.
• Income elasticity of demand is defined as the responsiveness of:
• Management exists at the ______ level of the organization.
• The higher the ________ level of the employee, the lower the job satisfaction.
• From which policy government adjusts its spending levels and tax rates to monitor and influence a nation’s economy.