Question

What is inflation? Select the best answer from the choices provided. when a particular product becomes more expensive over time when a particular product becomes less expensive over time when products generally become less expensive over time when products generally become more expensive over time

Answer 1

Inflation in general is the situation when the money looses its value over time: so 100 dollars are suddenly worth less than they used to be worth before: they have less purchasing power than before. This means that the prizes with rise to keep the purchasing power stable

The correct answer is: when products generally become more expensive over time