Question

A continuous rise in general price level is known as___
A inflation
B recovery
C Recession
D Depression​

Answer 1

Answer:

inflation

Explanation:

Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.

Answer 2

A continuous rise in the general price level is known as inflation.

• Inflation is the rate at which the price of products rises over some time.
• Inflation is a broad measure that includes the overall price of the commodities and in general the cost of living of the nation.
• The current rate of inflation in India is approx 6% per annum.

The answer is (A) Inflation.