Question

In your own words explain inflation.

Answer 1

Answer:

Inflation is the decline of purchasing power of a given currency over time. A quantitative estimate of the rate at which the decline in purchasing power occurs can be reflected in the increase of an average price level of a basket of selected goods and services in an economy over some period of time.

Answer 2

Answer:

Inflation is the decrease of buying force of given cash after some time. A quantitative gauge of the rate at which the decrease in buying power happens can be reflected in the increment of a normal value level of a bushel of chosen merchandise and ventures in an economy throughout some timeframeExpansion is the decrease of buying force of given cash after some time. A quantitative gauge of the rate at which the decrease in buying power happens can be reflected in the increment of a normal value level of a bushel of chosen merchandise and ventures in an economy throughout some timeframe

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