Question

which is the best definition of inflation?
a gradual decrease in the price of goods and services
a gradual increase in the price of goods and services
an exponential decrease in the price of goods and services
an exponential increase in the price of goods and services

Explanation:

Inflation is defined as a general rise in the level of prices of goods and services in an economy over a period of time. It is a gradual increase, not an exponential one. A decrease in prices is deflation.

Answer:

a gradual increase in the price of goods and services