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23 January, 08:37

In the 1990s, prices in the United States rose steadily by an average of about 2.66% per year. What is the economic term for a sustained increase in the price level such as the one experienced by the United States in the 1990s? Disinflation Hyperinflation Deflation Inflation

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  1. 23 January, 11:35
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    inflation

    Explanation:

    The inflation rate refers to the rate at which the general price level of the goods and services sold in a country increase from one period to another. Generally inflation is measured in a quarter or yearly basis. A low inflation rate, like the one experienced during the 1990s is generally considered good and healthy for an economy.

    When the inflation rate is extremely high, at least 50% per month, it is defined as hyperinflation.
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