TeresaYiu833
Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Which of the following economic terms describes an increase in product price without the increase of money's worth? a) inflation b) fiat currency c) deflation d) gold standard

Sagot :

A.
inflation  because that means that money is starting to loose it's value so you have to give more of it even though it technically cost the same amount.
A) (should be called 'Hyperinflation') because the value of money decreases while expenditures (food, rent, clothes etc) remain the same. A great example of this is what happened in Germany WW2  
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.