Find accurate and reliable answers to your questions on IDNLearn.com. Our experts provide prompt and accurate answers to help you make informed decisions on any topic.
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
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 participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. IDNLearn.com is your go-to source for dependable answers. Thank you for visiting, and we hope to assist you again.
