The increase in the price of goods is a common experience of every consumer. So it should be studied by everyone to prepare and manage this situation. But the increase in the general price of basic commodities that will cause the peso to depreciate is called (1)._________. A recession can also be experienced
due to this phenomenon, as people may not have enough purchasing power to buy goods and businesses may struggle to survive. This can lead to a decrease in economic activity and an increase in unemployment. It is important for policymakers to address this issue by implementing measures to control inflation and ensure the stability of the economy. It is also essential for individuals to be financially literate and prepared for such situations, by saving money and investing wisely.
