which is the best definition of inflation?\n○ a gradual decrease in the price of goods and services\n○ a…

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

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

Answer

Brief Explanations:

Inflation is generally defined as a sustained increase in the general price - level of goods and services in an economy over a period of time. A gradual increase best describes the typical pattern rather than an exponential one.

Answer:

a gradual increase in the price of goods and services