Which of the Following Is the Continual Increase in the Price

question 27

Multiple Choice

Which of the following is the continual increase in the price level of a basket of goods and services?

• A)Deflation
• B)Inflation
• C)Recession
• D)Stagflation

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Definitions:

Sharing Income

The distribution of profits among partners or shareholders in a business, often according to the proportion of ownership.

Current Asset

An asset likely to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Current Liability

A debt or obligation that is due within one year.

Revenue

The sum of money a business earns from selling products or offering services over a specific period.