If people are willing this year to buy more of a particular good at each and every price than they were willing to buy last year, the

The prices of most services have risen much faster than inflation in recent years because

a. wages and salaries of service providers have risen much faster than inflation. b. wages and salaries of service providers have risen but their productivity has not. c. the productivity of service providers has risen dramatically. d. the demand for services has risen.

Describe the vicious cycle of poverty. What are the consequences of this cycle?

What will be an ideal response?