History quiz

A sharp and sudden rise in prices resulting from an expansion paper money or bank credit?

The term you are looking for is "inflation." Inflation refers to a sustained increase in the general price level of goods and services in an economy over a period of time. When the supply of money or credit in an economy grows faster than the demand for goods and services, it can lead to inflationary pressures. As a result, the value of money decreases, and goods and services become more expensive. Inflation can have various causes, such as increased consumer demand, rising costs of production, or expansionary monetary policies by central banks. Inflation can have negative impacts on the economy, including reduced purchasing power for consumers, eroded savings, and increased interest rates.