contestada

Continued inflation occurs: Group of answer choices A. if there is a sustained increase in the price level. B. only if there is a sustained increase in the price of every good and service. C. only if there is a sustained increase in the price of every good and service by the same dollar amount. D. only if there is a sustained increase in the price of every good and service by the same percentage.

Respuesta :

Nyctalus

Answer: Option a

Explanation: In simple words, chronic or continued inflation refers to the situation in which a country suffers from inflation for a long time due to factors like increase in money supply or such.

Due to high money supply the demand for the commodities exceed their supply which leads to general price increase.

Hence from the above we can conclude that the correct option is A.