DETERIORATION IN THE QUALITY OF GOODS V WHILE MAINTAINING G PRICES IS TYPICAL FOR a. open inflation b. depressed inflation c. hidden inflation d. invisible inflation

The correct answer is c. hidden inflation.Hidden inflation refers to a situation where the general price level of goods and services is stable, but the quality of those goods and services deteriorates over time. This means that consumers are paying the same price for goods and services, but the actual value or quality of those goods and services has decreased. This can happen when producers reduce the quality of their products or services while maintaining the same price, or when there is a decrease in the supply of high-quality goods and services while the demand remains constant. This type of inflation is not immediately visible to consumers, as the prices remain the same, but it can have a negative impact on consumer welfare.