58
Lesson 58 of 84 · Economics
Inflation: When Prices Rise
Inflation is a general increase in prices over time. High inflation means each dollar buys less. Central banks try to keep inflation moderate for economic stability.
Key Facts
1
Supply and demand affect prices.
2
Trade connects people globally.
3
Every choice has an opportunity cost.
Check Your Understanding
Question 1
1 of 2What are goods?