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20 February, 05:20

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

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  1. 20 February, 05:26
    0
    B. A gradual increase in the price of goods and services

    Explanation:

    Inflation refers to the constant increase in the monetary price of goods and services in a specific economy. This happens when the monetary value of a country's economy increases due to the fact that there is a high demand for goods and services.

    When the inflation rate reaches less than 0%, the prices decline and this what is called deflation.
  2. 20 February, 05:48
    0
    I'm pretty sure that the first one is the best.
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