n NISM Certifications
XV NISM Series XV
Medium

General increase in price levels of goods and services is called ______.

Practice question from NISM XV Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Inflation

    Correct answer

  2. B

    Deflation

  3. C

    Stagflation

  4. D

    Recession

Why this is the answer

Inflation refers to the sustained rise in prices of goods and services, which reduces the purchasing power of money.

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