Question

Which statement best describes inflation? A. Inflation decreases the amount of goods and services that can be purchased with a dollar. B. Inflation increases the amount of goods and services that can be purchased with a dollar. C. Inflation increases the purchasing power of a dollar. D. Inflation decreases the prices of goods and services. E. Inflation doesn’t affect the prices of goods and services but increases wages.

Answer 1

Answer:

B

Step-by-step explanation:

Answer 2

Answer:

A. Inflation decreases the amount of goods and services that can be purchased with a dollar.

Step-by-step explanation:

Inflation is the rise in the price of goods and services over time.  In other words, a dollar earned today will be worth less in the future.