Answer:
Increase rapidly or inflates up rapidly
Explanation:
Inflation, a popular term in economics that tells us about the rate or frequency at which the average price level of goods and services in an economy increases over a period of time.
The three classifications or causes of inflation are:
1. Demand-Pull inflation,
2. Cost-Push inflation,
3. Built-In inflation.
This rapid price increase may be as a result of an increase in labor costs or increase in demand of for goods and services in an economy and has limited supply.
