what is the constant rise in commodities price called in ecnomic
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Answered by
10
Explanation:
While the demand remains constant, the prices of commodities increase causing a rise in the overall price level. This is in essence cost push inflation.
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22
Explanation:
Constant prices are obtained by directly factoring changes over time in the values of flows or stocks of goods and services into two components reflecting changes in the prices of the goods and services concerned and changes in their volumes
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