which is the best definition of inflation? a gradual decrease in the price of goods and services a gradual…
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
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 is a common and standard way to describe it, as it is not usually an exponential change right away. A decrease in prices is deflation.
Answer:
a gradual increase in the price of goods and services