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mote1985 [20]
3 years ago
7

In your own words explain inflation.

History
2 answers:
stepladder [879]3 years ago
5 0

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.

blsea [12.9K]3 years ago
4 0

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

Hope this helps :)

<em>-ilovejiminssi♡</em>

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