Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

14. what is inflation?when gold and silver can be turned in for dollars…

Question

  1. what is inflation?when gold and silver can be turned in for dollarswhen a nation prints money just to put it in circulation, and that money loses valuewhen a national currency is no longer tied to the gold standardwhen your dollar buys more than it used to

Explanation:

Brief Explanations

Inflation is a sustained increase in the general price level of goods and services in an economy over time, which corresponds to a loss of purchasing power of a currency. Printing excess money increases the money supply, leading to this loss of value. The other options describe unrelated concepts: gold redemption, end of gold standard, and deflation (increased purchasing power).

Answer:

when a nation prints money just to put it in circulation, and that money loses value