What is inflation?

a.

unemployment and the subsequent loss of production

b.

a slow, steady raise in average wages

c.

an increase in taxes

d.

a devaluing of money, resulting in a loss of purchasing power

Question

26 February, 02:23

+2

Answers (2)

Know the Answer?

Dario Flynn · Answer 1

It's b. A slow steady raise in average wages

Harper Hutchinson · Answer 2

It would be D. The devaluation of money resulting in the loss of purchasing power.

What is inflation?a.unemployment and the subsequent loss of productionb.a slow, steady raise in average wagesc.an increase in taxesd.a devaluing of money, resulting in a loss of purchasing power